The results are in!
As I mentioned in my May 25th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”) was scheduled for his bankruptcy confirmation hearing yesterday (July 6th).
All impaired creditor classes voted in to accept Jackson’s proposed plan of reorganization (“Repayment Plan”). He filed his own declaration
Since my April 15th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), has made it past the disclosure statement approval phase of his bankruptcy case, and is running towards the plan confirmation finish line.
The confirmation hearing is scheduled for July 6th. At that hearing, the Court will decide
Since my April 8th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his proposed First Amended Plan and Disclosure Statement. The deadline for creditors and parties-in-interest to object to Jackson’s Disclosure Statement is April 27th, followed by a May 18th hearing on approval.
Jackson’s Plan proposes to allow
Since my March 28th post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his sixteen-page, Court ordered explanation (“Disclosure”) regarding the differences between his original Schedules and Statement of Financial Affairs (“SOFA”) and his subsequent amendments.
In the Disclosure his attorneys state that “the true benchmark is whether the debtor’s
Since my February post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), objected to the appointment of an examiner, along with Sleek Audio, LLC, Suntrust Bank and Lastonia Leviston (“Largest Creditors”) and filed his own disclosure statement and plan of reorganization. According to representations made by Jackson’s counsel at the hearing,