Young Buck vehemently denies the claim that he received a $250,000 advance from 50 Cent and his label G-Unit as he attempts to pay off creditors in his bankruptcy case.
The conflict centers on an agreement dated July 22, 2014. 50 Cent has previously accused Young Buck of not fulfilling his contract with G-Unit, thus owing money to the label, a claim Young Buck denies. Young Buck and his legal team contend that doesn’t obligate him to repay any funds, as they weren’t classified as a loan.
In documents obtained by AllHipHop, Young Buck’s legal team outlined their objections to G-Unit Records’ claim of $250,000 against him. They argue that any money Young Buck received would’ve been before the contract’s signing and should be considered an advance rather than a debt.
Young Buck’s lawyer, Jonathan Augusta, explained the contract lacks any provision requiring Buck to repay these funds, thereby challenging the basis of G-Unit Records’ claim.
As the agreement doesn’t explicitly state that Young Buck must repay the advance in case of a breach, Buck’s attorneys argue that G-Unit Records’ claim lacks merit and should be dismissed.
This dispute between the two artists spans several years, featuring an intricate web of legal and personal disputes over contracts, debts and public insults. The disagreements have often spilled into the public sphere with personal insults, further complicating the relationship between Buck, 50 Cent and G-Unit Records.
Young Buck has faced financial turmoil, leading to two significant bankruptcy filings. His initial bankruptcy was filed in 2010, prompted by financial difficulties, including debts to 50 Cent, the IRS, child support obligations and other money issues.
He filed again in May 2020, aiming to restructure his debts under Chapter 13 bankruptcy protection, which came after a tumultuous 2019 involving jail time and financial struggles.
The move was partially to challenge his contractual obligations with 50 Cent’s G-Unit.
