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7 celebrities gone bankrupt

50 Cent bankrupt
50 Cent © Splash News/Splash News/Corbis

50 Cent bankrupt

Rapper Curtis James Jackson III, better known as 50 Cent, apparently doesn't have 2 quarters to rub together, as he recently filed for Chapter 11 bankruptcy. He allegedly owes creditors somewhere between $10 million and $50 million, according to CNN Money.

Coincidentally, right before the bankruptcy filing, a Manhattan civil court had ruled that 50 Cent must pay a Florida woman $5 million because he posted a sex tape of her on the Internet.

A representative of Brewer Attorney's & Counselors in Dallas said that the bankruptcy filing allows the rapper to continue working as an entertainer and also continue his involvement in various business interests while he reorganizes his finances.

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