50 Cent Files BANKRUPTCY! The rapper lives up to his name and is now worth about 50 cents. Oh, the irony is just too much! hahaha..
Watch Earlier this morning, The Washington Post reported that 50 Cent filed for Chapter 11 bankruptcy protection and, as always, Twitter has had plenty of jokes. Many people are assuming that he's flat broke-especially in light of a recent lawsuit where a jury ordered him to pay $5 million to a woman who sued over a s*x tape that was posted without her permission. And his boxing promotions company, SMS Promotions, filed for Chapter 11 bankruptcy back in May. But that's probably not exactly the case. In the court docs, his assets and debts were each listed in the range of $10 million to $50 million-which automatically puts him into Chapter 11 territory based on the monetary amounts. Typically Chapter 11 bankruptcy simply means a reorganization of one's assets and debts-which isn't saying they haven't been poorly managed up until now for 50—but in light of the recent lawsuit against Lastonia Leviston, the mother of Rick Ross' child, this will give him some time to repay that $5 million.
Entertainment video | 457 views
It appears 50 Cent could use a little extra change in his pockets this week. The 40-year-old rapper filed for Chapter 11 bankruptcy earlier today following a sex tape lawsuit that cost him a pretty large chunk of money. A jury recently awarded Lavonia Leviston a $5 million win after they determined the hip-hop star leaked a sex tape of her and another man.
Entertainment video | 507 views
50 Cent Files BANKRUPTCY! The rapper lives up to his name and is now worth about 50 cents. Oh, the irony is just too much! hahaha.
Entertainment video | 342 views
50 Cent is down for the count after losing a multi-million dollar lawsuit ... he's just declared bankruptcy. TMZ has confirmed ... 50 filed for bankruptcy on Monday, 3 days after Rick Ross' baby mama won a $5 million jury verdict against him.
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On account of the negative impact of the second wave of Covid-19, Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial to 9.3 per cent, from the 13.7 per cent projected earlier.
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Moody's cuts India's GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021
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ശമ്പളവും മുടക്കി ജിയോ....
ടെലികോം ജീവനക്കാര്‍ക്ക് ശമ്പള വര്‍ധനയില്ല
ജിയോയുടെ വരവോടെ രാജ്യത്തെ ടെലിക്കോം കമ്പനികള്‍ നേരിടുന്ന പ്രതിസന്ധി ജീവനക്കാരിലേക്കും.കടുത്ത സാമ്പത്തിക പ്രതിസന്ധി നേരിടുന്ന രാജ്യത്തെ ടെലികോം കമ്പനികള്‍ ഇത്തവണ ജീവനക്കാര്‍ക്ക് ശമ്പള വര്‍ധന നല്‍കുന്നില്ല. ഇതിനൊപ്പം വാര്‍ഷിക ബോണസില്‍ 50 ശതമാനം കുറവ് വരുത്താനും കമ്പനികള്‍ തീരുമാനിച്ചിട്ടുണ്ട്. ടെലിക്കോം മേഖലയില്‍ ജോലിചെയ്യുന്ന ഏകദേശം 30 മുതല്‍ 40 ശതമാനം ജീവനക്കാരെ പ്രതികൂലമായി ബാധിക്കുന്നതാണ് ഈ തീരുമാനം. അതേ സമയം ഉന്നത ഉദ്യേഗസ്ഥര്‍ക്ക് അഞ്ച് മുതല്‍ ഒമ്പത് ശതമാനം വരെ ശമ്പള വര്‍ധനവ് നല്‍കാനാണ് കമ്പനികള്‍ തീരുമാനം. 2016ല്‍ കുറഞ്ഞ നിരക്കുകളുമായി ജിയോ രംഗത്തെത്തിയതോടെ മറ്റ് കമ്പനികള്‍ കടുത്ത പ്രതിസന്ധി നേരിടുകയായിരുന്നു.
ഇതാണ് ശമ്പള വര്‍ധനനവില്‍ നിന്ന് പിന്നോട്ട് പോകാന്‍ കമ്പനികളെ പ്രേരിപ്പിച്ചത്.
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The company blamed for a chemical spill that left 300,000 West Virginians without safe drinking water filed for bankruptcy Friday. (Jan. 17)
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Detroit's emergency manager has filed a plan to restructure the city's debts in the wake of the largest municipal bankruptcy in US history.
The plan, awaiting approval from a bankruptcy judge, includes cuts to pensions and creditors to drive down the $18bn (£10.8bn) debt.
Funds would also be devoted to demolishing abandoned city properties.
The city initially filed for bankruptcy protection in July 2013.
'Best path forward'
'We must move swiftly to emerge from bankruptcy so that the financial distress harming the city can end,' state-appointed manager Kevyn Orr said in a statement.
'We maintain that the plan provides the best path forward for all parties to resolve their respective issues and for Detroit to become once again a city in which people want to invest, live and work,' he added.
Specifics of the debt relief plan include:
Creditors, including bond insurers, will receive an estimated 20% of their claims
Police and firefighter retirees will receive at least 90% of their pensions, and cost of living allowances will be eliminated
The Detroit Institute of Arts will keep its city-owned art collection, with assistance from foundations and private donors
$1.5bn will be allocated over 10 years to city infrastructure and technology upgrades
The plan is reportedly likely to face obstacles moving forward, including court appeals should it be approved in ba
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