Warning: A non-numeric value encountered in /homepages/33/d328042784/htdocs/soulfulofbeauty/business/wp-content/themes/puzzles/functions.php on line 930

Warning: A non-numeric value encountered in /homepages/33/d328042784/htdocs/soulfulofbeauty/business/wp-content/themes/puzzles/functions.php on line 930
Rapper 50 Cent Compares Himself To Modern Day Slave

Rapper 50 Cent Compares Himself To Modern Day Slave

Rap mogul 50 Cent is crying foul over the bankruptcy payment plan approved by his trustee to pay off his $30 million debt to his creditors. He argued that the creditors’ payment plan is in violation of the 13th Amendment which abolished slavery 150 years ago.

The 13th amendment states that slavery or involuntary servitude should only be used as punishment for a crime.

Fiddy, whose real name is Curtis Jackson, filed Chapter 13 bankruptcy protection from his creditors who include Sleek Audio, Lastonia Leviston, and SunTrust Bank.

Under Chapter 13 bankruptcy Jackson gets to keep his assets but he must agree to a 5-year payment plan to pay the $30 million he owes to his creditors.

In court documents obtained by Gossip Cop, Jackson complained that the 5-year payment plan forces him into “involuntary servitude,” and he compared himself to a modern day slave.

Jackson called the creditors’ plan a “near-indefinite period of involuntary” slavery.

He complained bitterly that he will be forced to work like a slave over the next 5 years to pay off his debts.

Jackson was particularly upset with the court-appointed trustee whose duties are to make sure the rapper sticks to the payment plan — or risk being sentenced to debtors’ prison.

Jackson said his “access to food and shelter [is dependent] on the whim of the trustee.”

He owes $7 million to Lastonia Leviston, the mother of Rick Ross‘ child, who sued him for posting her sex tape on the Internet.

He also owes a $18.4 million judgment to Sleek Audio and millions of dollars to Suntrust bank.

Related posts

The African American Retirement Planning Gap
Warning: A non-numeric value encountered in /homepages/33/d328042784/htdocs/soulfulofbeauty/business/wp-content/themes/puzzles/functions.php on line 930

The African American Retirement Planning Gap

There’s a saying: When White America catches a cold, Black America catches pneumonia. So, if there is an impending retirement crisis in America, what does that mean for African Americans? The answer to that question is discouraging. There is a huge gap in retirement preparation of African...

Stop Hating: There’s Enough Money Out Here for Everybody
Warning: A non-numeric value encountered in /homepages/33/d328042784/htdocs/soulfulofbeauty/business/wp-content/themes/puzzles/functions.php on line 930

Stop Hating: There's Enough Money Out Here for Everybody

We can talk about the black community coming together and unifying all day long, but if your actions are not aligning with what you speak, what does that make you? A hater? "We can get so much better if we stuck together." - NeNe Leakes. Apparently there's a lot of talk going around about...

Successful B2B Outreach Tips Using Email Marketing
Warning: A non-numeric value encountered in /homepages/33/d328042784/htdocs/soulfulofbeauty/business/wp-content/themes/puzzles/functions.php on line 930

Successful B2B Outreach Tips Using Email Marketing

Working in sales, and generating leads for businesses for many years has given me the opportunity to learn first hand how most all companies, big and small, build their client base, and make money. Substantial amounts of money. Whether it be through telemarketing (making cold calls), going...