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50 cent Power season 2 premiere

Source: Dimitrios Kambouris / Getty

Curtis James Jackson III, otherwise known as 50 Cent, filed for bankruptcy in a Hartford, Connecticut court on Monday.

The rap artist is seeking Chapter 11 bankruptcy, and according to the documents filed by his attorney he owes between $10 million and $50 million to his creditors.

He currently lives in a Farmington, Connecticut estate that he bought from Mike Tyson for $4.1 million back in 2003.

Chapter 11 is a type of filing usually used by corporations to restructure a business in the face of crippling debt. However, 50 Cent is listed as the sole debtor in this case.

The lawyer for the case, James Berman of the firm Zeisler & Zeisler, P.C., could not be immediately reached for comment.

source:  CNN.com