CURTIS "50 CENT" BANKRUPTCY REOPENING MAY DELAY HIS SHREVEPORT PLANS

Last Thursday (July 10) Bloomberg Law reported that the Curtis "50 Cent" Jackson was successful in having a Connecticut judge reopen his Chapter 11 bankruptcy .
The bankruptcy judge ordered the New York state  court to consider  whether a woman's $20 million abuse allegations against the rapper should be thrown out. The woman cited New York's Victims of Gender- Motivated Violence Protection Act in her lawsuit.

The bankruptcy judge had previously granted Jackson's motion to seal the court filings of abuse--.concluding  that  making the materials public could "cause economic and/or reputational harm" to Jackson.

The sealed documents will not be accessible to the public. A ruling of this nature  is relatively rare in high-profile celebrity lawsuits. The ruling was a big victory for Jackson.

Jackson has filed a motion to dismiss the abuse  lawsuit in state court. If the motion is not dismissed the bankruptcy court will then decide if  this claim was discharged (wiped out) by the Jackson's 2015 Chapter 11 bankruptcy business reorganization case.

With the amount of the claim  and the celebrity status of Jackson one can expect the state court's ruling on Jackson's motion to dismiss will be appealed by the losing party. It is likely that the New York Supreme Court will make the final ruling on the viability of the litigation.

In the meantime back at the ranch here in Shreveport, the potential for this claim being allowed in the Chapter 11 bankruptcy case can not be dismissed lightly. If the claim is allowed the bankruptcy court will decide both the amount to be paid through the Chapter 11 and over what time frame. 

What impact this saga will have on Jackson's immediate plans for Millenium Studios and Expo Hall are unknown. One can speculate that until the claim is ultimately resolved, large financial expenditures and investments  by Jackson will be put on hold.