50 Cent has finally settles his bankrupcy case after a judge approved his $23 million plan to settle his debt over a fivee-year period.
That’s one more reason for the rap mogul to celebrate his 41st birthday today. TMZ reported that 50 Cent has agreed to pay out $23 million over the next five years with $17 million going to Sleek Audio and $6 million going to Rick Ross baby mama Lastonia Leviston.
Both Sleek and Leviston won multi-million dollar lawsuits against the rapper last year. The headphone company sued the G-Unit chief claiming that he sniffed them out of a deal on headphone partnership. Leviston sued 50 Cent for leaking a sextape with her and the rapper’s nemesis Rick Ross.
“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,” 50 Cent’s lawyer said. “Mr. Jackson appreciates the fresh start this process provides.”
It’s been almost a year since 50 Cent filed for chapter 11 bankruptcy saying he did it for his own protection.