It is usually relatively big news when celebrities file for bankruptcy. Many sports stars, business people, and entertainment stars have all filed for bankruptcy at some time. Willie Nelson, Courtney Love, Michael Jackson, Mike Tyson, and Pamela Anderson, and now 50 Cent are just some of the celebrities who have filed for bankruptcy. Why do celebrities… Read more »
Rapper 50 Cent Files for Bankruptcy
Rapper, actor and businessman 50 Cent is the latest in a long line of celebrities to feature in the news for filing for bankruptcy. Unlike many individuals who usually file for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, 50 Cent has filed for Chapter 11 Bankruptcy protection. Chapter 11 is often used by large businesses… Read more »