It wouldn’t be a week without 50 Cent taking a comedic shot at his opps. The G-Unit honcho did that when he responded to Young Buck’s recent return to jail…
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Young Buck is back behind bars. The former G-Unit member will serve 30 days in a Tennessee jail due to “repeated violations of his bond supervision.” According to TMZ, Sumner…
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The long-running financial feud between 50 Cent and former G-Unit member Young Buck appears to have reached its conclusion. After years of public disputes and legal wrangling, Young Buck has finally taken steps to settle his debt to 50 Cent, thanks to a bankruptcy filing.
On August 12, court documents obtained by XXL revealed that Young Buck, real name David Darnell Brown, declared bankruptcy in Tennessee. In the process, the “Shorty Wanna Ride” rapper liquidated many of his most valuable assets, raising over $1 million. This financial maneuver allows Buck to repay a $250,000 loan from 50 Cent, which dates back to 2020.
In addition to settling the debt with 50, Buck’s bankruptcy proceedings will address a $190,000 IRS lien and outstanding child support payments, marking a significant step in resolving his financial challenges.
The tension between 50 Cent and Young Buck has been well-documented, with 50 often taking to social media to call out Buck over the unpaid debt. This latest development signifies a potential end to the public back-and-forth between the two former collaborators, closing a chapter in the G-Unit saga.
For 50 Cent, the resolution marks a victory in his relentless pursuit of the money owed.
Thoughts?
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The post Young Buck Settles Debt with 50 Cent Through Bankruptcy appeared first on The Source.
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Young Buck‘s catalog will be heading to an auction block. His catalog will be sold to settle debts with creditors and 50 Cent.
According to AllHipHop, the sale resulted from financial difficulties leading to a 2020 bankruptcy.
Songvest, a music royalties brokerage firm, states the catalog’s value is $700,000. The sum is the total of performance royalties, mechanical royalties, publishing royalties, and song copyrights. Buck owes 50 Cent alone $250,000, which was given as a loan.
In 2001, Buck didn’t provide royalty statements to ASCAP and also hid $35,000 from his publishing company, Mouth Full of Ice. He also failed to report income after post-bankruptcy, which included $108,000 from Sound Exchange, $32,000 from Select-O-Hits, and $47,000 in Universal Music Publishing royalties.
In February, Young Buck was arrested in Nashville on vandalism charges for kicking the door at his ex-girlfriend’s residence and damaging the seats in her car, which was all caught on home surveillance video.
Brown’s ex-girlfriend told officers that she had cameras around her home. When she noticed that Buck was gone, she went outside and saw that he had kicked and damaged the passenger and driver’s side of her car in the driveway.
Young Buck fled the scene after the incident but was later detained during a traffic stop. He has since been released on $1,000 bail.
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Young Buck‘s catalog will be heading to an auction block. His catalog will be sold to settle debts with creditors and 50 Cent.
According to AllHipHop, the sale resulted from financial difficulties leading to a 2020 bankruptcy.
Songvest, a music royalties brokerage firm, states the catalog’s value is $700,000. The sum is the total of performance royalties, mechanical royalties, publishing royalties, and song copyrights. Buck owes 50 Cent alone $250,000, which was given as a loan.
In 2001, Buck didn’t provide royalty statements to ASCAP and also hid $35,000 from his publishing company, Mouth Full of Ice. He also failed to report income after post-bankruptcy, which included $108,000 from Sound Exchange, $32,000 from Select-O-Hits, and $47,000 in Universal Music Publishing royalties.
In February, Young Buck was arrested in Nashville on vandalism charges for kicking the door at his ex-girlfriend’s residence and damaging the seats in her car, which was all caught on home surveillance video.
Brown’s ex-girlfriend told officers that she had cameras around her home. When she noticed that Buck was gone, she went outside and saw that he had kicked and damaged the passenger and driver’s side of her car in the driveway.
Young Buck fled the scene after the incident but was later detained during a traffic stop. He has since been released on $1,000 bail.
The post Young Buck’s Catalog to be Auctioned to Settle Debts with 50 Cent and More appeared first on The Source.
Click Here to Discuss in the Forums
Young Buck‘s catalog will be heading to an auction block. His catalog will be sold to settle debts with creditors and 50 Cent.
According to AllHipHop, the sale resulted from financial difficulties leading to a 2020 bankruptcy.
Songvest, a music royalties brokerage firm, states the catalog’s value is $700,000. The sum is the total of performance royalties, mechanical royalties, publishing royalties, and song copyrights. Buck owes 50 Cent alone $250,000, which was given as a loan.
In 2001, Buck didn’t provide royalty statements to ASCAP and also hid $35,000 from his publishing company, Mouth Full of Ice. He also failed to report income after post-bankruptcy, which included $108,000 from Sound Exchange, $32,000 from Select-O-Hits, and $47,000 in Universal Music Publishing royalties.
In February, Young Buck was arrested in Nashville on vandalism charges for kicking the door at his ex-girlfriend’s residence and damaging the seats in her car, which was all caught on home surveillance video.
Brown’s ex-girlfriend told officers that she had cameras around her home. When she noticed that Buck was gone, she went outside and saw that he had kicked and damaged the passenger and driver’s side of her car in the driveway.
Young Buck fled the scene after the incident but was later detained during a traffic stop. He has since been released on $1,000 bail.
The post Young Buck’s Catalog to be Auctioned to Settle Debts with 50 Cent and More appeared first on The Source.
Click Here to Discuss in the Forums
Young Buck‘s catalog will be heading to an auction block. His catalog will be sold to settle debts with creditors and 50 Cent.
According to AllHipHop, the sale resulted from financial difficulties leading to a 2020 bankruptcy.
Songvest, a music royalties brokerage firm, states the catalog’s value is $700,000. The sum is the total of performance royalties, mechanical royalties, publishing royalties, and song copyrights. Buck owes 50 Cent alone $250,000, which was given as a loan.
In 2001, Buck didn’t provide royalty statements to ASCAP and also hid $35,000 from his publishing company, Mouth Full of Ice. He also failed to report income after post-bankruptcy, which included $108,000 from Sound Exchange, $32,000 from Select-O-Hits, and $47,000 in Universal Music Publishing royalties.
In February, Young Buck was arrested in Nashville on vandalism charges for kicking the door at his ex-girlfriend’s residence and damaging the seats in her car, which was all caught on home surveillance video.
Brown’s ex-girlfriend told officers that she had cameras around her home. When she noticed that Buck was gone, she went outside and saw that he had kicked and damaged the passenger and driver’s side of her car in the driveway.
Young Buck fled the scene after the incident but was later detained during a traffic stop. He has since been released on $1,000 bail.
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Several reports have confirmed that David Brown, also known in the Hip Hop world as Young Buck, was arrested in Nashville yesterday (February 2) on vandalism charges for kicking the door at his ex-girlfriend’s residence and damaging the seats in her car, which was all caught on home surveillance video.
Brown’s ex-girlfriend told officers that she had cameras around her home. When she noticed that Buck was gone, she went outside and saw that he had kicked and damaged the passenger and driver side of her car in the driveway.
Young Buck fled the scene after the incident but was later detained during a traffic stop. He has since been released on $1,000 bail.
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Young Buck was accused of hiding his royalties from the trustee over his bankruptcy state, but now he has reached a settlement. The rapper is still going through a Chapter 7 bankruptcy. According to AllHipHop the rapper filed in January of 2020 over debts owed to 50 Cent, his ex-girlfriend, the IRS, and other creditors. Through the bankruptcy proceeding, the trustee learned that Young Buck was collecting publishing money through his company, Mouth Full of Ice. In July of 2021, Young Buck was accused of withholding his royalty statements from ASCAP in an attempt to defraud the trustee overseeing the bankruptcy of more than $35,000.
Earlier this week, the trustee, Erica R. Johnson, filed a complaint about the turnover of royalties with the court. Johnson tracked down Young Buck’s ASCAP earnings and determined the rapper received $24,228.14 after he filed for bankruptcy, and it is money that belongs to the bankruptcy estate. Young Buck has come to a resolution over the undisclosed royalties he has reached a settlement agreement with the bankruptcy estate under the following terms.
Young Buck must pay back $515 each month, which will continue until a date that will be agreed upon by both parties.
Young Buck has until the 15th of each month to make the payment, with a 5-day grace period.
Should Young Buck default on the settlement, the bankruptcy estate will be going after the entire unpaid balance.
In conclusion, all of the royalties from his catalog prior to January of 2020 must be turned over to the trustee to pay off the rapper’s creditors.
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The saga of rap rivals Young Buck and 50 Cent continues. New reports reveal Fif might be uping the anti and taking the Nashville rapper to court. 50 Cent Considering Legal Action Fifty is reportedly considering suing Young Buck for $250,000, which he allegedly owes Curtis Jackson – the whole “owning money” topic Buck has […]
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