50 Cent Boxing Company Goes Bankrupt

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Huge blow for 50 Cent's boxing company SMS Promotions has just filed for bankruptcy. Though it vows to stay in business. 
50 started SMS Promotions back in 2012 signed some big names in the sport, including then-undefeated champion Yuriorkis Gamboa, James Kirkland and Olympic medalist Andre Dirrell.
But apparently, the boxing business hasn't been so kind to 50 as it has been to others like his pal because according to court documents obtained by TMZ Sports, the company filed for Chapter 11 on May 25th.  
In court documents filed in Connecticut, SMS says it has between $100k and $500k in debts. 

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