Files for bankruptcy
50 Cent files for Chapter 11 bankruptcy (docs) in Hartford, Connecticut reporting assets and liabilities between $10-$50 million. Lawyers:
This filing for personal bankruptcy protection permits [him] to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.
Files bankruptcy
RadioShack files for Chapter 11 bankruptcy protection after Sprint and shareholder Standard General LP agree to buy 1,500 to 2,400 of its stores. RadioShack plans to operate normally through the bankruptcy process. Joe Magnacca, RadioShack’s chief executive:
These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders.