Young Buck Filing Bankruptcy; Suing 50 Cent

Damn homie, a few years ago you was the man homie, what fluck happened to you? Aww the raft of 50 Cent maybe Young buck should have thought twice before he went toe to toe with him. Or maybe it was all the crack and purple drank that took his money away.

Young Buck filed for Chapter 13 bankruptcy protection earlier this month, according to the Nashville City Paper. The Tennessee rapper reportedly filed the recently unsealed documents voluntarily a couple of days after hisHendersonville home was raided by IRS agents on August 3rd.

The court filing, which states that Buck currently makes $19,170 a month, details his plan to settle all of his past debts and includes a proposition to dock his monthly salary from his label, Cashville Records, by $12,500 for 60 months, to come up with a total of $750,000; though he owes his creditors a little over a million, a quarter of a million is the minimum required payment.

U.S. Bankruptcy Judge, George C. Paine, accepted the plan on August 20th and ordered that the payroll deductions begin. As a part of the plan, Buck will be allowed to keep any additional income that he earns in the future including royalty checks.

His bankruptcy attorney, Lynda Jones, spoke with theNashville City Paper and revealed that the bankruptcy is a part of the former G-Unit member’s plan to get back on track financially and said that he will be filing a civil suit against 50 Cent in the upcoming months.

“Mr. Brown [Young Buck] intends to reorganize his debts and pay off the IRS in a timely manner through Chapter 13,” said Jones. “We hope to secure the return of his personal property quickly. He will also be filing a lawsuit in the next 30-60 days against his former manager, [the] G-Unit label, and Mr. Curtis Jackson.”

Buck has been at war with 50 Cent since his departure fromG-Unit. Though he isn’t a part of the group anymore he hasn’t fulfilled all of his contractual obligations to the New York MC. He accused Fif earlier this year of denying him clearances to appear in songs and said that the G-Unit leader is trying to “starve” him.

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