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50 Cent Potentially Close To Ending Bankruptcy Case

50 Cent is potentially close to ending his bankruptcy case, according to the Daily News. The rapper appeared in court yesterday, for a hearing in the case and reportedly made a deal with the creditors to whom he owes $28 million.

50 cent bankruptcy

In the deal, which must be approved by a federal judge, 50 Cent says he will pay his top creditors 74 percent of what they are owed. The report includes $6 million to Lastonia Leviston, who was awarded $7 million after she sued the rapper for posting a sex tape of her in the midst of his beef with Rick Ross.

50 Cent blasted a previous deal the creditors were trying to enforce, saying it was equivalent to “indentured servitude.” The Power producer appeared in front of Judge Ann Nevins for two and a half hours yesterday as she addressed the possibility of a further investigation into his finances because of concerns of credibility. Nevins pointed to 50’s Instagram posts where he is shown with stacks of cash as reason to be wary of his integrity in court. 50 Cent filed for bankruptcy in July.

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