50cent is down for the count after losing a multi-million dollar lawsuit ... he's just declared bankruptcy. TMZ has confirmed ... 50 filed for bankruptcy on Monday, 3 days after
Rick Ross' baby mama won a $5 million jury verdict against him. 50
is in a world of financial hurt. A jury awarded Lavonia Leviston the $5
mil after determining the rapper intentionally leaked a sex tape in
which she was featured, in order to embarrass Ross. 50 has been ordered
to produce proof of income and worth so the jury can determine punitive
damages.
According to the bankruptcy filing -- a story first
reported by Page 6 -- 50 says his assets are valued between $10 and $50
million but his liabilities are also between the same range. On top of
that, 50 lost a court case in which a jury socked him with a $17.2
million judgment over ripping off a headphones design.
Credit: TMZ
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Jesse Osayande Vucinic Ehiagwina
Filing
for bankruptcy is technical. He is worth much more than 100m even.
Sometimes people file so they can get around something. In this case
he's trying to do it so he'll avoid paying the 5m damages.
Endy Edeson
@JESSE: but that won't stop him from paying, right? he is worth paying such. it's an open secret
Bekere Becky Afaka
Jesus save black ppl in USA