Last week rapper 50 Cent was ordered to pay $7 million to Rick Ross' baby mama after losing a defamation of character lawsuit for posting her amateur sex tape on line [click here if you missed that].
Welp 50 just filed for bankruptcy…
According to reports 50 Cent was supposed to turn over financial statements this morning plus five years worth of Federal and State tax returns so that punitive damages could be calculated for his defamation lawsuit, instead he filed for bankruptcy.
50 lists nearly $50 million in assets but also $50 million in liabilities.
