TMZ: 50 Cent files for Chapter 11

TMZ’s Dax Holt was here Tuesday to talk about the latest in entertainment news.

50 Cent
My Pockets Are Still Deep
… And Full Of Money

If you’re wondering where the bankrupt 50 Cent keeps his money … look no further than his pockets.
We got photos of 50 hosting a party in Atlantic City last week … a few days before he filed for Chapter 11 … and it’s hard to ignore the giant wad tucked inside his (likely) expensive jeans.
Yes, that’s a money sandwich of hundos he’s flaunting. We’re told it totaled around $5k and Fifty wanted EVERYONE to see it.
Truth is… Fifty’s gonna be just fine financially, despite owing $5 mil here and $17 mil there. Our sources tell us the recent bankruptcy filing is just a legal maneuver to reorganize his finances.
Bottom line: 50’s still filthy rich.

Tori Spelling & Dean McDermott
We’re Going Down …
‘Cause Renters Can’t Be Choosers

Tori Spelling and Dean McDermott are downsizing big-time — moving into a new house that’s nearly half the size of their old place.
Real estate sources tell TMZ … Tori and Dean’s new Calabasas pad is 3,733 sq. ft. and has 5 beds and 5 baths — nothing to turn your nose up at, but since their previous home was 6,623 sq. ft. … this might hurt a bit.
They’re renting this place, which has a yard, a pool, and a library — and we’re told the previous tenants dropped about $7k per month on it.
This is the 3rd rental home for Dean and Tori since they sold their big Encino home in 2011 … for a loss. On a positive note: their rent keeps going down. Not so positive? The houses are getting smaller.
Might be time for another huge yard sale.

Brad Pitt & Angelina Jolie
Not Too Fancy …
For a Subway Ride

Brad Pitt and Angelina Jolie have money to burn, but the mega superstars still eat fresh on a budget … hitting up a Subway to take advantage of the $6 menu.
We’re told Brad, Angie and a few of their SIX kids cruised into the sandwich shop in Glendale, CA over the weekend. If you’re wondering what it takes to feed a crew that size — 2 Meatball Marinara footlongs, 1 Chicken Teriyaki sandwich, and a few kids’ meals.
Total tab … $44, and Pitt made the sandwich artist’s day with a hefty $6 tip! Kinda unheard of at Subway.
First, it was coach flights … now Subway? Look out for Maddox and Pax on an MTA bus near you.

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