Young Buck could lose everything. This includes his house. And he is in danger of losing many more things.
AllHipHop has obtained the court papers. The trustees filing for bankruptcy will try to bring him to court in May.
The trustees feel that Young Buck can keep his miscellaneous items and assets that need to be declared. Young Buck filed for bankruptcy for the second time in January 2020. 50 Cent is also one of Young Buck’s creditors.
There are several albums that Young Buck never delivered to G-Unit Records. In addition, 50 Cent says that the rapper owes him $250,000.
While the bankruptcy proceedings were pending, the case’s trustees claimed that Young Buck hid a substantial income from the publishing company. The rapper eventually agreed to pay $515 a month until a formal deal was made.
The Tennessee native rap star had to give an affidavit due to his posts on his social media accounts. Young Buck has been asked to provide documents of ownership for some expensive items by April 29.
The trustees plan to question Young Buck at 9:30 am on May 6, 2022.
Young Buck Says 50 Cent Forced Him Into Bankruptcy
Former G-Unit member, During the “It’s Tricky With Raquel Harper” podcast (via TMZ), he talked about his troubled relationship with 50. According to Buck, he had to take drastic measures, including bankruptcy, because 50 people tried to stop his bag.
“I make my money with music, so of course doing that stopped my income all over the board,” Buck said. “I had no choice but to go this way.”
He said 50 cent him a cease-and-desist letter to prevent him from releasing and disseminating music. As a result, he filed for bankruptcy to pay off his debts, including the 50 money claims he still owes.
On this day in 2007, @youngbuck released his album: Buck The World.
— Pure Rap Podcast (@PureRapPodcast) March 27, 2022
He said the 50 even prevented him from working on his latest album for G-Unit, which would fulfill his contractual obligations. He says he can’t release music or make money without a bankruptcy application.
“When you stopped me from making money, I filed for another bankruptcy,” he said. “And [the court] prevented him from stopping or giving up anything.”