50 Cent isn't sweating his bankruptcy filing and doesn't think you should either. After losing a multi-million dollar lawsuit, the rapper filed for Chapter 11 bankruptcy on Monday -- and now he's speaking out about what that means for his finances.

In a new interview with Entertainment Tonight, the rapper spoke out about his money problems.

"I'm not panicking," the "Candy Shop" singer the entertainment news show. He also said that his fans were more crazed by the news than he is.

"People love tragedy more than they love good news, no matter how you look at it," 50 Cent, whose real name is Curtis Jackson, added. "The news comes on, and it's 90 percent tragedy."

Jackson also insinuated that the situation was likely temporary. "I make decisions to do things based on the position that I'm placed in at points." He told ET that he's "consistently being made out to be a target because of [his] financial situation."

Well a lot has been made out of the rapper's financial situation because a lot has happened for the "In da Club" rapper's situation recently!

Last week, a jury awarded Rick Ross' baby mama, Lavonia Leviston, $5 million, after deciding that the rapper intentionally leaked a sex tape of her and another man in order to embarrass Ross, reports TMZ. Three days after the ruling, 50 filed the bankruptcy papers -- coincidence? Definitely not! This all seems like an elaborate plan to get out of paying out!

According to the bankruptcy filing, the rapper, who has to produce proof of income in order to determine punitive damages, claims his assets are between $10 and $50 million but his liabilities are also between the same range, reports Page Six.

To add insult to injury, 50, whom Forbes estimated 50's net worth at $155 million in May, also lost a court case which will cost a $17.2 million for ripping off a headphones design.