Curtis Jackson III, a rapper best known as 50 Cent, assembled a high-powered legal team as he filed for personal bankruptcy protection Monday in Connecticut following an adverse $5 million judgment against him in sex tape litigation.
The hip-hop impresario’s advisory team—one that includes more than a few high-powered lawyers—called Jackson’s decision to begin voluntary Chapter 11 proceedings in Hartford a “strategic business move.” According to the five-page filing, the rapper has between $10 million and $50 million in assets and liabilities.
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