50 Cent got a bit of good news as the judge signed off on a deal to officially end his bankruptcy case.
That good news came at a price however, as 50 will have to fork over $23 million to his creditors over the next 5 years. Sleek Audio will receive $17 million and Rick Ross’ baby mama Lastonia Levinston will receive $6 million.
The plan was originally presented back in April and just approved yesterday. 50’s attorney gave the following statement:
Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs.
Looks like the rapper/mogul is ready for a fresh start as the new season of his hit series, “Power” is set to begin July 17.