50 cent speaks on bankruptcy and it's all gibberish!

50 cent is the man of the hour,ever since the news that he has filed for bankruptcy(see here) came out,the airwaves have been awash with news on fiddy.As you ca imagine,most of it is in jest of 50 cent,but he has himself to blame for that because anytime a celebrity has a misfortune,50 cent is the first to jump on their case and laugh at them! 
In reaction to the "50 cent files for bankruptcy" news,the rapper told Entertainment Tonight saying: "I’m not panicking. People love tragedy more than they love good news, no matter
how you look at it. The news comes on, and it’s 90 percent tragedy"

The rapper continued on by saying “I have faith in the court systems, I know at points you gotta just relax and go through the process.”

50 cent miraculously declared bankruptcy after being asked to pay Lastonia Leviston $5m.

On the decision to file for bankruptcy, he says "I make decisions to do things based on the position that I’m placed in at points and if I’m consistently being made out to be a target because of my financial situation ….If people actually believe that I wouldn’t be conscious of who I am and protecting myself …”
Maybe you understand all this,but to me it sounds like gibberish,50 cent is talking much but actually saying nothing.What we really wanna know is are you really bankrupt? If so,why? How did you go from having hundreds of millions 5 minutes ago to bankruptcy?
Personally,i don't believe he is.I think 50 cent is avoiding to pay the $5m he is due to pay Rick Ross' girl friend Lastonia Leviston.
But if this is the case and proven,then he can get himself into even more trouble and end up in jail!