(BUSINESSINSIDER) — Curtis Jackson, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection on Monday.
"In court papers filed in the US Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million," The Wall Street Journal reports.
Advertisement - story continues below
The filing comes just three days after the "Get Rich or Die Tryin'" rapper was ordered to pay $5 million to his rival Rick Ross' ex-girlfriend, Lastonia Leviston, who sued him for posting a sex tape online to millions of viewers in an attempt to embarrass Ross.
"On top of that," TMZ notes, "50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design [in 2014]. It's a breathtaking fall."