In May, 50 Cent’s SMS Promotions filed for bankruptcy. The original documents claimed the company had between $100,000 and $500,000 in debts.
The Jasmine Brand reports that the documents were recently refiled and state that the debt is much larger.
The new figures include $2.3 million dollars owed directly to 50 Cent.
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The boxing company lasted for three years before filing for Chapter 11 bankruptcy protection.
At the time, 50 Cent was looking forward to “reorganizing as a new corporate entity and becoming one of the leading promotion companies in the world of professional boxing.”
For additional 50 Cent coverage, watch the following DX Daily:
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