50 Cent is broke? Say it isn't so. The G-Unit leader filed for chapter 11 bankruptcy protection on Monday (July 13).

According to The Wall Street Journal, Fif filed in U.S. Bankruptcy Court in Hartford, Conn., and reported $10 to $50 million in assets and liabilities. The bankruptcy news comes days after a jury awarded a $5 million judgment to Lavonia Leviston who is Rick Ross’ baby mama. The hip-hop bully, born Curtis Jackson, was ordered to pay that sum for uploading her sex tape to the internet without her permission in 2009.

It’s hard for us to believe that 50 is having a hard time paying his bills. This is clearly Fif’s way of avoiding to pay the $5 million judgment to Rozay’s baby mama. Forbes estimated his net worth at $155 million in May. He also has investments in SMS headphones, Effen vodka and Frigo underwear. The MC even has a new role in the forthcoming boxing film Southpaw. From the outside looking in, it seemed like 50 Cent was living a well-funded life.

The Street King Immortal creator's attorney had no comment on the matter.

Do you think that 50 Cent is broke? Tell us in the comments below.

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