Rapper 50 Cent files for bankruptcy

Rapper 50 Cent has filed for chapter 11 bankruptcy protection Monday.

"In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million," reports the Wall Street Journal.

The filing comes just three days after the "Get Rich or Die Tryin'" rapper was ordered to pay $5 million to a woman who sued him for posting a sex tape online.

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