Young Buck

Young Buck Assets Face Liquidation

(AllHipHop News) Rapper Young Buck is due in court today, where the fate of his assets will be decided by a bankruptcy court.

According to WKRN Channel 2, in Nashville, a number of the rapper’s possessions could be liquidated today (December 20).

The liquidation is an attempt to satisfy his $300,000 thousand debt to the Internal Revenue Service (IRS).

The IRS raided Young Buck’s home in August of 2010 and seized a number of his valuables, including his recording studio.

But Young Buck has had issues paying off the debt, due to his contractual obligations to 50 Cent’s G-Unit imprint.

50 Cent and G-Unit are one of the creditors Young Buck owes money to.

According to Young Buck’s bankruptcy trustee Jeanne Burton, 50 has opposed the rapper’s reorganization plan under Chapter 11, which is forcing the liquidation.

50 is refusing to release any of Young Buck’s new material, because of a $171,000 debt to G-Unit.

During the bankruptcy proceedings, 50 also filed a $10 million breach of contract lawsuit against Young Buck.

In March of 2011, 50 sued to prevent Young Buck from recording for any other label, due to his contractual obligations to G-Unit.

Young Buck, born David Brown, had hoped to reorganize his finances under Chapter 11 bankruptcy protection.

But Jeanne Burton, the trustee for Buck’s estate, recently recommended that he filed Chapter 7, meaning his assets can be liquidated to satisfy his tax bill.

“At this time, because no agreement has been reached with G-Unit and Curtis Jackson regarding either assumption or rejection for the recording agreement and/or the publishing agreement, the first amended plan cannot be confirmed,” Burton said in previously filed court papers. “The trustee believes and therefore asserts that there is no reasonable likelihood of reorganization at this point.”

An associate of Young Buck is also accused of diverting performance from the rapper and depositing it into an unauthorized bank account, on behalf of Cashville Records.

  • TruthSerum

    And this is why I dont take 50’s “Save the world” routine seriously, he’s practically starving a man out and forcing him to lose everything he has over a petty disagreement, Buck could have paid him back by now if he’d let him out that deal 3 years ago, but 50 is like that kid who pulls the wings off of flies and then pokes them with stiks cause he has nothing better to do

    Karma is waiting for that man, in this life or the next, smh……

    • TheBoxcarHobo

      Exactly. Plus thats been years ago that they had their little falling out. 50 is acting like a bitter ex wife. Let that man eat!

      • Tony G.

        why should he.

      • TheBoxcarHobo

        B/c its petty for 50 to keep his foot on that man’s throat after all this time for such a small amount of money. Like somebody said earlier, Buck could’ve been paid 50 back had he been allowed to work. Buck gets a lot of love down south, he could’ve been doing collabos with everybody. Yeah I understand he felt betrayed or whatever, but at what point does 50 wake up and decide he doesn’t care enough about this to keep it going on? I’m sure he has a million other things to do.

        50 gonna be 90 yrs old in a rocking chair still blocking Buck from gettin money?

      • Chrisblackusa

        you can call it petty,,but if this was street business buck would have been murked for disloyalty,,end of story,,,

      • Casor_Greener

        Man STFU with all that “in the street” nonsense. You probably never broke a law in ya life

      • TheBoxcarHobo

        Irrelevant. It’s not in the street. All kinds of lawyers and litigation is involved. It’s about as far from “street” as can be.

      • King Artorius

        fif is just teaching the man some foundational principles and a lessons.. until buck learns.. he aint going easy on him, and you can tell fif was also hurt on how buck handled everything!! its all business and principles.. you people on here should get to know.

      • TheNewGamesource gamesource

        Smart move by 50 cent to make an example out of Buck to keep his crew and future artists in line

    • buck has only himself to blame. 50 is the one who made buck big, this is what happens when u bite the hand that feeds you. welcome to reality.

      • Tell 50 that same thing about Interscope and see what reaction you get.

    • I Hope 5-0 aka 50 gets his karma for real.

      He just uses his own people and throw them away.

    • 4 and going on 5 years ago.

    • I Hope Buck signs to MMG and gets his career back on top, while 5-0 aka 50 will have his day in hell.
      he’s no better than P. Shitty and fat hoe.
      He doesn’t care nor give a damn about anybody but his own stans, his ignorant crew and money and power.

      and will get what he deserve.

  • and 50 wonder why people aint feeling him…your pulling the same stuff Irv did to u…..gettem buck

    • 50 da man, cut the grass and expose the snakes. 50 let buck start his own imprint bt buck still fucked up. gettem 50!!!

  • damn, 50 sued the man to prevent from recording with anyone else.

    thats one grudge-holding mo-fo!!!

  • bs_hater1

    50 is a foul, black-hearted-ass nigga! How you gonna be tryin’ to feed the world & starve this man out. You ain’t nothin’ but a bitter ass hypocrite!

    • 50 doing the right thing, buck fucked up. gotta teach mofos lessons sometimes.

    • Tony G.

      ur mixing business with charity bro..the two dont mix…Buck was careless and got in financial trouble on his own..Fif helped him out with $250K and he needs to pay that back in full..until he does, Fif owns his ass..

      • bs_hater1

        I hate to admit it but you’re right. I was feelin’ sorry for the nigga

      • so if he owes 250 why is he trying to get 10 million out of him. As my grandma says ” You cannot get BLOOD FROM A TURNIP” in other words he know buck is broke and he is f—king him harder with the 10 mil lawsuit but thats business. foh he is what homeboy said black hearted ass nicca. and wtf about charity he still making money with that new energy shots he is trying to sell. so what who is he really helping? the hungry children cause people will look at it like oh I am doing this for the kids but still making fiddy azz richer.

      • scullyson

        Yeah fif got his hands in all types of investments…His Money is definitely working for him while he awoke and sleep. LOL..Munf**** Money got a hard hat on and construction boots getting it in…Must be nice…

  • $17637591

    This ni99a down and out for real and I hate Buck goin thru all this. But he hung himself when he bit the had that fed him. When he decided to try and leave Gunit the Ni99a must have been high or listening to the wrong people in his ear. Not only does 50 own him he got millions of dollars to put on the J J J J Jew Unit lol. Buck if fuucked.

    DETROIT HARD HEADZ  

  • Trauma562

    “You know you done fucked up right?”

    • Wallydon

      Lol

  • I wonder if the same people on the T-Boz bankruptcy post saying how going bankrupt is a good financial move will come on here & repeat their same logic. LOL

    Buck & $00.50
    Hard to call.
    Buck did it to himself…..but $00.50 O.D.’ing too.

    • Tony G.

      Its a different circumstance

    • Casor_Greener

      THANK YOU EDOG!!!

      I was telling them fools not to try and be too smart.  Some people never learn

  • dstlyes

    Buck did this on his own…he was trying to be greedy, and his spending was crazy…the clown game has to give fifty 25% of his record sales….these niccas are clowns trying to mess with his money…. I feel for buck though…

  • Brown’s reorganization plan included the recording of new material.
    That hasn’t happened because the head of his recording label, rapper 50 Cent, is not allowing Brown to record any new material.
    Young Buck is also not allowed to leave the label.

  • Smashit

    What happened to Buck’s Lawsuit against 50 to either let him finish the recordings he owes on his contract or disolve the contract & how many years was the dam contract for?????

  • Chrisblackusa

    fiddy played loyal and ask for that out the gate with buck and treated buck very good like a boss supposed too,,,buck did something that if this was street action he wouldve been murked ,,,only takes 1 time to prove disloyalty,,,if you with your crew then its all for loyalty,,if you just hanging with dudes then thats something different,,,yo that shiit hurts all leaders when they see disloyal troops ,,especially when the troop is eating big time and has no reason to rebel,,,buck gets what he brought on,,,listening to whispers of haters and losers when he was with 1 of the few winners from the street in this hiphop game,,,50 aint 100 but he is point blank with loyalty,,,

  • Business is business but karma is real, why is 50 cent doing the same thing to Buck that was done to him(50 Cent) in the beginning of his career. [“Power of the Dollar” days]

  • rep87

    get back on yo buck shit 50 will get what is coming to him trying to keep a man from feeding his family is some foul shit he must really fear buck blowing up and crushing his missing in action rap career

  • King Cold

    I see a lot of people didn’t hear that convo between buck and 50. So lemme put yall on game. Buck was supposed to be touring. He didn’t. Instead smoked away his money. They was gettin like 100k each just for one show. Buck didn’t tour. So now he’s in debt. Wtf he expect? He assed his self out. And at the end of the day its all about loyalty. Buck wasn’t loyal so now he’s feelin the after effects. And if people so worried bout buck y dnt yall organize a save young buck fund so he can start eatin again smh. Never bite the hand that feeds u

    • NorthDollasTX

      i heard the TAPED CONVERSATION – several times

      SMOKED AWAY HIS MONEY – c’mon SAPP dont take what discreditors say for face value – put a little “reality” into what niggahs is saying – doubt he smoked the money up homey  (thas damn near 10mil) – more like TRICKED IT THE PHUCK OFF buying shyt he aint need thinking “i can trick this 150k off – go on tour – and make it back” however, after the FRIVOLOUS SPENDING and the AT ODDS with his boss – he never made it to EUROPE – the rest is G-UNIT history – 
       
      it is what it is … classic case of a niggah who aint never really had shit – and wasn’t SMART ENOUGH to protect it – when he got it – believe you ME the rest of G-Unit was smoking, drinking, snorting too –

    • never bite the hand that feeds you. I cant agree with you on that the reason is. Because he owes 50 either way 50 will not get paid if he dont let buck work. He setting them including hisself up to fail. 

    • scullyson

      LOL….Yeah saap never bite the hand that feeds you especially when you know very little about yo finaces and you leave it up to some otha cat to pimp your A** $$$$…Buck can only blame buck….

    • rep87

      BE ONLY LOYAL TO GOD ! man cant be trusted 50 is a foul dude and it wasnt about touring buck was having tax trouble before that being loyal to 50 is like serving the devil

  • atle fjeldstad

    Keep ya head up Buck!

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  • How is Buck supposed to pay 50 back if he can’t work?

    • my exact words. I mean its like being stuck between a wall and a hard rock you aint going anywhere. I lost some respect for 50 due to this because now I see it as being greedy. He cant make music because 50 is holding it over his head and he cant pay debt   cause he cant make music. Thats just foul.

      • You got that right, 5-0 just uses people and just throws them away.

      • Cosign. At least let Buck work so he can pay off his debt, then let him go so he can go on about his business. You don’t have to deal with him after that. SMH.

  • Stillreal

    If 50 were to drop today he probably wouldnt reach the 100k mark. 50 knows that Buck is all he has left. These new people wont amount to anything. Buck is a star and if 50 wants to remain relevant he needs Buck. Thats why he wont let him go. Look at how this has played out. Just think if Buck were to release a new CD, how much buzz it would get. The buzz alone is worth a good 500k in sales. the South dont respect 50 and never will unless he does right by Buck.

  • Stillreal

    If 50 were to drop today he probably wouldn’t reach the 100k mark. 50 knows that Buck is all he has left. These new people wont amount to anything. Buck is a star and if 50 wants to remain relevant he needs Buck. Thats why he wont let him go. Look at how this has played out. Just think if Buck were to release a new CD how much buzz it would get. The buzz alone is worth a good 500k in sales. The South dont respect 50 and never will unless he does right by Buck.

    • rep87

      you on point ! BUCK is a star in his on right / look at 50 he had one hot cd get rich or die trying and the only way second cd sold the public was thinking they was getting some more heat but after they heard that GARBAGE they never fell for that shit again 50 time is up and BUCK will break free and its over and dont let him get on with RICK ROSS because this dude can flat out crush 50 on his worst THE SOUTH RUN THIS

  • SHOULD’VE NOT SWITCHED SIDES! 50 SAID HE CAN STARVE NOW! THIS IS WHAT BEING UNLOYAL GETS YOU! DON’T BITE THE HAND THAT FEEDS YOU!

  • AugustusPaulo

    Lets face it none of us know the whole financial situation between Buck and fif . What we do know is Buck got a shot at what all rappers dream of being on a team with 50 , Dre Em Jimmy Lovine now he’s filing bankruptcy , from a outsiders perspective I’d say Buck didn’t handle his biz correctly . And Fifty is not obligated to give him anything he’s not legally entitled to . And all of you talking this loyalty shit that simply doesn’t hold up in the “real world” of business and commerce . Save the loyalty talk for your family 

    • scullyson

      Augustus Unfortunately You are pretty much right and exact. In all honesty it is wishful thinking to think that you can break a contract on any level without facing some sort of consequences. Also Buck took a gamble by getting down with G-Unit on Blind faith with so much at stake. If you trully believe you have talent , then you are an asset/investment more than a liability but when you fail to CYA as far as your $$$$ is concerned  then you then you become a liability within self. Never mind that Munf**** “thats My brotha” sh**…Nah Man…I dont care if G-Unit was Red,Orange,Purple or Yellow You have to protect Yo GREEN! A man who fails to plan Plans to Fail..Simply Put…Good luck buck…

      • AugustusPaulo

        Well said

      • Sybil Miller

        True so true still 50’s a bully with no compassion and is enjoying every tear Buck cry.

    • Wallydon

      I agree 100% but hood niggas will never understand that. That’s why people like them (sorry Young Buck) stay broke and in the hood til they die.

  • WOW, AND THIS DUDE USE TO BE RAPPING ABOUT ALL THE MONEY HE GOT AND HE REALLY AIN’T GOT SHIT! 

    • Sybil Miller

      yup the key words “USE TO”. Still 50 on some ugly shh! (as usual)

  • jarrold taylor

    Puffy did the same to the LOX, it’s called business. Unfortunately for Buck, “This is the business he’s chosen”. Unlike the LOX, Buck is in a situation to where he is not viewed as having the viability to warrant a record company to buy him out of his contracts. The economics of the game have changed and record labels barely even invest into promoting their artist anymore. In real estate terms this is an upside-down investment.

  • scullyson

    Yo while Im In Here Happy Holidays To all Yall old and new AHH Commenters !1 Old and new, Vets and Rookies..LOL…!!..Kiwi what it do? Kerol be safe out there!! MU What up? BP1 whats good?

  • MMG will be a great signing for buck so that he can get his career back on his feet.

  • suge380

    Man WTF, He should have went for Chapter 7 in the 1st place. Everyone knows 50 hold a grudge and ain’t gonna agree to sh!t. But you don’t jump ship like that. If ya boy wrong, you tell him one on one, behind closed doors. You don’t fcuk with the enemy period.

  • mob_sta

    Young Buck better artist than 50 anyday of the week. he will be back when this bullshit contract is done with.  Buck records fire these days  and 50 fell off

  • R_REAL_TALK

    LOOK AT WHAT 50 DOING OVER SOME CHUMP CHANGE TO HIM ]HES DOING IT USING BUCK FOR MORE ATTENTION TO SHINE HIS WAY] , LIKE HE REALLY WANTS A 171 THOU WHEN HE GAVE HIS GIRLFRIEND A REPORTEDLY 300 THOU JUST FOR SOME PP?USSY] THIS IS WHY 50 WILL NEVER BE ON TOP AGAIN HE SPENDS TO MUCH TIME DOING STUPID SS?HIT IN THE MEDIA TO GET A BUZZ THAN LETTING HIS MUSIC SHOW] HE COULD HAVE KEPT BUCK IN THE GROUP MADE ANOTHER G UNIT ALBUM GOT HIS MONEY BACK, WENT ON TOUR MADE MORE MILLIONS THEN SPLIT UP BUT HE WANTED TO TAKE THE NN?IGGA ROUTE ]AND ON TOP OF THAT HE TRYING TO FF?UCK WITH DRE WITH THOSE CHEAP AA?SS LOOKING K MART HEADPHONES WITH THE Z ON THE SIDE WHICH IS GONNA BE A TAX WRITE OFF??????

                          █ ——— R ——— ██ ——— E ——— ██ ——— A ——— ██ ——— L ——— █
                         █ ——— R ——— █ █ ——— E ——— █ █ ——— A ——— █ █ ——— L——— █
                         █ ——— T ——— █ █ ——— A——— █ █ ——— L ——— █ █ ——— K ——— █

  • All you dumb asses hatin on Fif. He signed a 200 million dollar contract for 10 movies, managed to have his movie premier on BET, and made mega money off the Mayweather fight through promotion. You say Buck is all 50 has?? 50 may be a ruthless, unforgiving dude, but if you think he is anywhere near broke you’re stupid.

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