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..