{"id":611,"date":"2016-02-27T17:51:20","date_gmt":"2016-02-27T23:51:20","guid":{"rendered":"https:\/\/kevinkgipson.com\/?p=611"},"modified":"2016-02-27T17:51:20","modified_gmt":"2016-02-27T23:51:20","slug":"rapper-50-cent-bankruptcy-update","status":"publish","type":"post","link":"https:\/\/kevinkgipson.com\/?p=611","title":{"rendered":"Rapper 50 Cent Bankruptcy Update!"},"content":{"rendered":"<p><a href=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Broke_-1.jpg\" rel=\"attachment wp-att-614\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-614\" src=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Broke_-1-300x300.jpg\" alt=\"50 Cent.Broke\" width=\"300\" height=\"300\" srcset=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Broke_-1-300x300.jpg 300w, https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Broke_-1-150x150.jpg 150w, https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Broke_-1.jpg 635w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>I previously posted about the <a href=\"https:\/\/kevinkgipson.com\/?p=602\" target=\"_blank\">Chapter 11 Bankruptcy filing of Rapper 50 Cent<\/a>.<\/p>\n<p>Since the filing, 50 Cent has posted three photographs of himself with large sums of money.\u00a0 In one photo, 50 Cent is seen sitting on the floor next to stacks of $100.00 bills spelling out the word &#8220;Broke&#8221;.<\/p>\n<p>Suspicious creditors, including the rappers former girlfriend, Lastonia Leviston who won a multi-million dollar jury award over a sex tape, his mortgage lender and a partner in a failed headphone deal are asking the Court to appoint an outside financial manager to handle\u00a0his money until he pay off the $30 million he owes creditors.<\/p>\n<p><a href=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Money-on-Bed.jpg\" rel=\"attachment wp-att-615\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-615\" src=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Money-on-Bed-300x300.jpg\" alt=\"50 Cent.Money on Bed\" width=\"300\" height=\"300\" srcset=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Money-on-Bed-300x300.jpg 300w, https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Money-on-Bed-150x150.jpg 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>This would be significant since a Chapter 11 Debtor is known as a <a href=\"http:\/\/www.investopedia.com\/terms\/d\/debtorinpossession.asp\" target=\"_blank\">&#8220;Debtor In Possession&#8221;.<\/a>\u00a0 This means that they control their own finances during the bankruptcy.<\/p>\n<p>If the creditors are able to convince the Judge that 50 Cent is not handling his assets property the court\u00a0can appoint a trustee manage the assets.<\/p>\n<p><a href=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Refrigerator.jpg\" rel=\"attachment wp-att-613\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-613\" src=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Refrigerator-300x210.jpg\" alt=\"50 Cent.Refrigerator\" width=\"300\" height=\"210\" srcset=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Refrigerator-300x210.jpg 300w, https:\/\/kevinkgipson.com\/wp-content\/uploads\/2016\/02\/50-Cent.Refrigerator.jpg 569w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>50 Cent has been ordered to appear in court to respond to allegations that he is not disclosing all of his assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I previously posted about the Chapter 11 Bankruptcy filing of Rapper 50 Cent. Since the filing, 50 Cent has posted three photographs of himself with large sums of money.\u00a0 In one photo, 50 Cent is seen sitting on the floor &hellip; <a href=\"https:\/\/kevinkgipson.com\/?p=611\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-611","post","type-post","status-publish","format-standard","hentry","category-bankrputcy"],"_links":{"self":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=611"}],"version-history":[{"count":1,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/611\/revisions"}],"predecessor-version":[{"id":616,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/611\/revisions\/616"}],"wp:attachment":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}