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Case Study – Even the Famous are not Immune from Bankruptcy – 50 Cent

Usually, when you think of the rich and famous, you envision mansions, flashy jewelry, and a lavish lifestyle. Unfortunately, even the more famous of us are not immune to the pitfalls of credit card debt and medical bills piling up. Think of some of the famous names in the news that were, and for some, still are plagued by debt. Donald Trump, Lady Gaga, Will Smith, and even the beloved Walt Disney himself were once in financial trouble. In today’s blog, we are taking a closer look at how even the famous among us are dealing with financial hardships.

 

Let’s take the example of Curtis James Jackson III, professionally known as 50 Cent in our closer look at how even the famous can suffer financial setbacks. 50 Cent is an American rapper, singer, songwriter, actor, television producer, entrepreneur, and investor. After coming from South Jamaica and settling in Queens, New York, the young Curtis was swept up into the drug culture of his time. He was later discovered by Eminem and signed to Shady Records.

 

During his amazing career, Jackson sold over 30 million albums worldwide and won several awards, including a Grammy Award, thirteen Billboard Music Awards, six World Music Awards, three American Music Awards, and four BET Awards. At one point, he was estimated to be worth $155 million dollars! After hard times and a dispute with an ex-girlfriend, 50 Cent filed for bankruptcy in 2015.

 

For many people in the entertainment industry, one bad investment, a low attended movie premiere, or a scandal can turn the tide of their finances. For those of us who do not live in the spotlight, the stress and hardship can be just as difficult. Bankruptcy can happen to any of us given the right circumstances. It is good to know that you are not alone if such a time arises. There are credit counselors, financial advisors, and our office if you need legal counseling.

 

If you are struggling with paying your bills or harassing creditor calls, then contact the Law Office of Barry R. Levine today by phone at 978-922-8440, or visit our website at http://levinelawoffice.com.