Bankrupcy judge calls 50 Cent back to court after he posts picture online of him with a huge pile of
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[quote]50 Cent might be in trouble with the courts again.
A bankruptcy judge called the rapper—born Curtis Jackson—back into court after he was spotted on Instagram flaunting wads of cash. Recently, one of his photos (above) shows him sitting down along with what appears to be stacks of $100 bills spelling the word “BROKE.” He also recently bought a house in Africa, according to his Twitter account.
Judge Ann Nevins, who is handling his bankruptcy case, wants him to explain some of the pictures and see if he’s been truthful about his current financial situation.
“I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Nevins told his lawyers during a hearing on Feb. 18, in Hartford, Connecticut, according to CNN.
She said, “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.”
50’s legal team issued a statement, saying he would show up “to make sure that all questions have been addressed.”
“[He] has been forthcoming and transparent with all creditors,” his lawyers added
He declared bankruptcy in July 2015.[/quote]
[url]http://www.theepochtimes.com/n3/1971025-50-cent-cash-photos-on-instagram-prompts-judge-to-call-him-back-into-court/[/url]
I hope they smack him down for it. Far too many rich people go bankrupt and then get away with all their assets untouched while debtors suffer.
he's broke man, he has to garnish his salads with a modest 20 instead of a fresh 100
Nothing new.
P much. He simply filed for the same reasons Trump did, to avoid paying Eminem and Dre a metric fuckton of owed cash.
[QUOTE=27X;49782914]P much. He simply filed for the same reasons Trump did, to avoid paying Eminem and Dre a metric fuckton of owed cash.[/QUOTE]
Pretty sure that's not why Trump filed for bankruptcy :what:
I thought assets could be used in lieu of money even if you filed for bankruptcy?
[QUOTE=Bradyns;49783100]I thought assets could be used in lieu of money even if you filed for bankruptcy?[/QUOTE]
I think that's just when ya owe the fed, though im just guessing
[QUOTE=Coffeee;49783072]Pretty sure that's not why Trump filed for bankruptcy :what:[/QUOTE]
To avoid paying out owed money? He sure as hell did. More than once.
[QUOTE=27X;49783398]To avoid paying out owed money? He sure as hell did. More than once.[/QUOTE]
I think he was trying to say that Trump probably didn't file for bankruptcy to avoid paying Eminem and Dre money.
the judge should fine him $0.50
Im gonna not pay this debt, or die tryin
[QUOTE=Bradyns;49783100]I thought assets could be used in lieu of money even if you filed for bankruptcy?[/QUOTE]
Homestead laws can majorly mess that up. In several states (Florida being one of the big ones), you cannot seize a persons homestead to recover a debt that doesn't have to do with that home (think mortgage, contractor liens, HELOC, and the like vs business loans, auto financing, or loans against other property).
That's why people like OJ ran away to Florida.
Fuck this guy man, and here I struggle with rent and food working 37 hours a week..
[QUOTE=Coffeee;49783072]Pretty sure that's not why Trump filed for bankruptcy :what:[/QUOTE]
Then why you might wanna add?
I thought he filed bankruptcy because his baby mama wanted a bunch of money and he didn't want to pay it, so he basically filed to freeze all of bank accounts, etc.?
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