50 Cent reportedly offers to pay his creditors $23 million over five years

50 Cent

US rapper 50 Cent, has reached a deal with his creditors that stipulates he pay $23 million dollars over the next five years.

The amount works out to be around $400,000 a month and is 74 per cent of what he originally owed them.

TMZ reports, that he has submitted a proposal through his lawyers which will need to be approved by bankruptcy Judge Ann Nevins.

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Sleek Audio, 50’s biggest creditor, would receive $17.3 million under the terms of the proposal. SunTrust Bank’s in for about $4.9 mil. Meanwhile, Lastonia Leviston who got a $7 million judgment in the sex tape case – has settled on $6 million.

In addition to the $23 million commitment, 50 says he’s liquidating some assets to cover the debts. This still has to be approved.

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It will be recalled that the Connecticut bankruptcy judge, Judge Ann Nevins scolded the Hip Hop star by warning him ‘to stop posting pics of cash, If you’re broke’ recently.

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