Matoe wrote:Personal finance 101 says filing for bankruptcy is a cost-effective move to erase debt/protect investments
Don't downplay bankruptcy. No matter how you look at it, you only declare bankruptcy once you've been backed into some type of corner. The man is in a really bad situation. He is now cash poor but asset rich. I know people in that situation(telling you how much their plots are appreaciating, but money in the bank is zero). 50 Cent is going to have to start selling his tuplots and business holdings to make ends meet. And he can forget about bank loans for the next few years, he's radioactive to them. Private investors he approaches for new ventures will also be looking at him shingo upande from now on