50 Cent had was in court yesterday to explain why he’s claiming bankruptcy despite posting photos with piles of cash on Instagram. His lawyers explained in court yesterday that 50 Cent is posing with fake cash and that he has to portray a certain lifestyle. One lawyer was quoted as saying: “He has to keep […]

50 Cent’s reasoning for his recent bankruptcy filing is another business move to keep his assets safe, E! News reports. The rapper and business mogul…

NewsOne’s Top 5 takes a quick look at the stories trending on NewsOne.com that you are talking about. Rapper 50 Cent Files For Chapter 11…

Last week, it was reported Braxton struck a deal in her bankruptcy case, in which she settled with her debtors. There’s a catch to the deal, she lost more than 2 dozen tunes that made her famous. However, Toni could have bought back the 27 songs from her music catalog for $20K, but she could […]

In a desperate attempt to avoid bankruptcy, Detroit’s Emergency Financial Manager, Kevyn Orr, announced the financially ailing city’s plan to immediately stop paying down $2.5…

Many people are familiar with Toni Braxton’s financial woes and although she’s told her side of the story time and time again, questions still remain. The singer recently sat down for an intimate interview on ABC’s 20/20 to chat about what really happened during her first and second bankruptcy. At the height of her career […]

Reports say Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his […]

Hollywood — Looks like the hits (of a different sort) keep on coming for Toni Braxton. Having just announced the pickup of a reality show, ‘Braxton Family Values,’ comes more news from the ‘Un-break My Heart’ singer.

VIA: TMZ.COM Braxton — who sold more than 40 million albums in her career — just filed for Chapter 7 bankruptcy in California … and in the docs, the singer claims she’s only worth somewhere between $1 mil and $10 mil … but she could have up to $50 mil in debts. MORE