The In Da Club hitmaker, real name Curtis Jackson, filed for bankruptcy in a Connecticut court last year (Jul15) and he reportedly owes a string of creditors a total of over $30 million (£21 million).

Last month (Mar16), the 40-year-old allegedly reached a deal with creditors to pay around 74 per cent of what he owes, and he has now submitted that agreement to a bankruptcy judge.

According to TMZ.com, 50 Cent will pay $23 million (£16.1 million) over the next five years. Bosses at Sleek Audio will get $17.3 million (£12.1 million), while executives at SunTrust Bank will receive $4.9 million (£3.4 million). Meanwhile, Lastonia Leviston, who successfully sued the star for leaking footage from her sex tape and won $7 million (£4.9 million) in damages, has reportedly settled on $6 million (£4.2 million).

In addition to the $23 million agreement, Jackson will also reportedly liquidate some of his assets to cover his debts.

The plan has to be approved by the judge.