Fourteen years ago rapper Young Buck was forced into bankruptcy after falling behind on taxes and failing to pay back a $250k loan to rapper 50 Cent [click here if you missed that].
Buck's bankruptcy is finally settled and 50 is about to get his money...
From Baller Alert
Young Buck has agreed to pay exactly $200,006.90 to 50 Cent as part of a long‑running dispute in bankruptcy court. The payment resolves a debt stemming from a $250,000 sum that 50 insisted was a personal loan, while Buck claimed it was an advance tied to expected releases under G‑Unit. He even disputed the entire transaction, insisting “[50 Cent] never proved that he gave me the money.”
Despite Buck’s denials, the bankruptcy court in Nashville accepted 50 Cent’s claim as valid and placed it among Buck’s unsecured creditor obligations. Since there are no secured creditors, unsecured claims took priority.
The trustee, Erica R. Johnson, confirmed that Young Buck’s estate generated about $1.05 million through the liquidation of music royalties, cars, studio gear, and jewelry. Roughly $445,000 was used for legal fees and administrative expenses, leaving just over $600,000 to distribute to remaining creditors.
3 comments:
He ain't got it.
50TY will squeeze a turnip dry. But it is his money. Curtis gives loan shark vibes to ppl he goes after, for his money. LOLO
at least its finally over
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