Young Buck Facing Liquidation

Young Buck’s financial state is hurting. The bankruptcy trustee helping the former G-Unit rapper through Chapter 11 says he no longer has a viable shot at reorganizing [his finances] and is not facing Chapter 7 liquidation, according to the Wall Street Journal’s bankruptcy beat.

“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,” Chapter 11 trustee Jeanne Burton said in court papers filed last week. “The trustee believes and therefore asserts that there is no reasonable likelihood of reorganization at this point.”

The agreement or lack thereof that Burton is referring to stems back to this past summer, when lawyers for 50 Cent objected to Buck’s debt-repayment plan.

Buck is still under contract with G-Unit since signing in 2004. —Jakinder Singh

  • Los Angeles Angelz

    Good for this loser! I hope more rappers who brag on what they have, show off their jewlery and front like they are big time lose everything they have! There is no other genre of music that throws their money in their fans faces and the fans love it!!!! Ignorant. ” AYO, make more than your pops” and then we go buy the CD…NEGRO PaLEEZE! #Dieaslowdeath

    • Pale Horse

      I think his publishing has been blocked for 6 years. That might be why he is broke!!!!!

      50 owns his publishing so he can’t get his music on the radio or a new recording contract.

    • $yk

      “In June, Burton and Young Buck filed that plan, which counted on the rapper’s ability to modify a recording agreement with 50 Cent’s G-Unit Records and a distribution agreement with Universal Music Group. The revamped agreements would provide the revenue needed to pay off Young Buck’s creditors, according to the plan.”

      ^ he wanted another deal…

      “Further hurting Young Buck’s case, Burton said, is the misappropriation of some of the rapper’s funds. The trustee said that during the bankruptcy, she became aware that “a former acquaintance” of the rapper had his performance or appearance fees wired to an unauthorized bank account opened for one of Young Buck’s companies. Unauthorized payments were then made from this account, Burton said, and haven’t been recovered while the whereabouts of that former acquaintance remain unaccounted for.”

      ^ and one of the homie’s were taking paper…

      only thjng Buck will be left with are his memories the way this is going.

      not a reply to you LA…trying to bury that asinine comment underneath me…

  • pimp c

    fart bubble shit ass i sharted my pants

    • pump mc

      I feels ya playa playa. poop.

  • http://www.xxlmag.com Om Sag

    “Poppin’ Them Thangs” i guess hey Buck Marley……. go listen to your verse again……..these n…… act like they rich but to me this shit is frontin’ , on the front of the Mayback it’s says payback… , the Jacob watch got a n…. wanna hate…

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  • PINKTIGHT

    The facade of tried will is the dowsing abrupt. There has been fun and deride in the music recording industry and everyone is covering their butts. The autonomy of the artist and the autonomy of the music recording industry is oinking.

    Slinky to demograph and fart. There is no monies and there was no prayer to give to this group. The bunting and asshole can be good.

    Averting and ad make the tracing and pimp go death. Go death, you have been found out.

  • SevenCrowns

    Its misfortune this had to happen to him. But is sure humbled him down. His music today exceeds what it did 50 years ago he’s Now his music is the serious street. I love listening to his music. Best of luck to Young Buck.

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