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50 Cent Submits His Plan To Pay Back Debts From His Bankruptcy Case — Will The Rapper's Strategy Get Approved?

| Filed under: Music MinuteOops!Legal Matters50 CentBusiness Blitz

50 cent bankruptcy plans

50 Cent may've filed for bankruptcy but he is still forced to write a pretty huge check.

On Tuesday, it was revealed that the Candy Shop rapper and his legal team submitted to a judge his plan to pay back the creditors from his bankruptcy case. Reportedly, the document shows that Fiddy will shell out $23 million over the course of the next five years.

Related: Fight Breaks Out Around 50 Cent

Oof! While the plan is meant to pay back his MANY creditors, it appears as though three major settlement amounts have been highlighted in the doc.

Apparently, the music industry vet hopes to pay Sleek Audio $17.3 million, SunTrust Bank around $4.9 million, and Lastonia Leviston from the A-lister's messy sex tape case $6 million — despite the fact it was initially ruled that Miz Leviston was to receive $7 million.

Not to mention, it's said that Mr. Cent is hoping to liquidate some of his assets to help pay some of his outstanding bills. Here's hoping his plan gets approved by the judge — if not he'll have to start all over again.

Eek!

[Image via WENN.]

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