Since my
March 28th post, Curtis James Jackson III, better known as
rapper 50 Cent ("Jackson"), filed his sixteen-page, Court
ordered explanation ("Disclosure") regarding the
differences between his original Schedules and Statement of
Financial Affairs ("SOFA") and his subsequent
amendments.
Inthe Disclosurehis attorneys state that "the true
benchmark is whether the debtor's intent to be transparent with
creditors, responsive to their requests for information and willing
to produce documents and information necessary to address concerns.
Here, the debtor has overwhelmingly met his obligations in good
faith."
The majority of Jackson's explanation appears to be based on
the complexity his numerous business ventures and his (or his
professionals) initial uncertainty over the ownership of certain
property (including the Georgia condominiumand all the
automobiles), thevalue of his businesses, and the existence or
status of numerous contracts by Jackson and his
