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.
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.