50 Cent Offers This Much To Rick Ross’ Baby Mama In Bankruptcy Plan

BOSSIP Exclusive: 50 Cent Offers This Much To Rick Ross’ Baby Mama In Bankruptcy Plan

- By Bossip Staff

50 cent

50 Cent revealed in court docs that he also inked a settlement with his biggest creditor, Sleek Audio. He’s promised to pay $17.3 million of Sleek Audio’s $18.1 million judgment against 50 after a judge found that 50 stole their headphone design and used it for his own line, SMS Audio. In return, Sleek Audio execs will help him fight a $75 million malpractice suit against the lawyers who repped him in the headphone case.

He’s also proposed paying one million to the bank on his outstanding mortgage, $1.2 million to ASCAP for a royalty advance, up to $3.9 million to SunTrust Bank for backing SMS Audio and a nearly $132,000 payment to Bentley Financial Services for his 2012 vehicle.

The proposed bankruptcy plan also gives 50 Cent five years to pay back $1.3 million to other creditors. If he pays within a year, he’ll only have to pay 75 percent of the claims. But if he takes the full five years, he’ll pay 92 percent of the debt.

50 Cent said he plans to pay for all of this by selling his $8.2 million Connecticut mansion, using cash in the bank and an expected payout from the $75 million malpractice claim against the lawyers who repped him in the Sleek Audio case.

A judge has yet to sign off on the plan.

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