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ARTICLE · 01 SEPTEMBER 2015

Will Creditors Join Hands With 50 Cent And Sing "Kumbaya"?

Fox Rothschild LLP
Fox Rothschild LLP
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It's too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent ("Jackson"), will be able to come to a consensual Chapter 11 plan for repayment with creditors.

United StatesInsolvency/Bankruptcy/Re-Structuring
Heather Ries
Heather Ries
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It's too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent ("Jackson"), will be able to come to a consensual Chapter 11 plan for repayment with creditors. However, based on the recent 2 hour status conference and hearings on various motions, the outlook is hopeful. Jackson's counsel indicated that they expect to file a consensual Chapter 11 plan of reorganization ("Plan"), or at least have narrowed the disputed issues relate to any proposed Plan, in 90-120 days. Jackson's professionals are currently working on projections and laying the groundwork for a meaningful conversation with creditors on a proposed repayment plan.

In the meantime, Jackson’s counsel announced that he would soon be filing motions to employ brokers to sell Jackson’s Farmington home and Atlanta condominium.  These will be part of the money and assets used to repay creditors.  In addition, Jackson’s counsel indicated that Jackson has had a successful business history in

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