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50 Cent Declares BANKRUPTCY!

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What do you do when someone sues you for 5 million dollars... and wins? You file for bankruptcy, according to 50 Cent. 

50 filed for bankruptcy on today (7/13/15), 3 days after Rick Ross' baby mama won a $5 million jury verdict against him. 
50 is in a world of financial hurt. A jury awarded Lavonia Leviston the $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Ross.
50 has been ordered to produce 
proof of income and worth so the jury can determine punitive damages.
According to the bankruptcy filing -- a story first reported by Page 6 -- 50 says his assets are valued between $10 and $50 million but his liabilities are also between the same range. 
On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design. 

Just in May, estimated 50's net worth at $155 million. Ouch.

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