In my August post, I stated that it was too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), would be able to come to a consensual Chapter 11 plan for repayment with creditors. Jackson has not yet filed his own proposed plan of reorganization. However, it now
It’s too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), will be able to come to a consensual Chapter 11 plan for repayment with creditors. However, based on the recent 2 hour status conference and hearings on various motions, the outlook is hopeful. Jackson’s counsel indicated that they
Curtis James Jackson, III, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, District of Connecticut (“Bankruptcy Court”) on Monday, July 13th. His bankruptcy filing followed shortly after a New York jury verdict in the amount of $5 million in favor of Lastonia Levitson, who sued him