Young Buck's Debt Repayment Plan Shut Down By 50 Cent's Lawyer

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Young Buck- 50 cent 50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan Young Buck apparently needs a ...

50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan

Young Buck apparently needs a few bucks and may be kicking himself for parting ways with 50 Cent and G-Unit right now. His debt repayment plan is being objected by 50 Cent's lawyer because they are unsure if he can make the payments.

Buck is a debtor that has filed for bankruptcy protection but The Wall Street Journal reports that he had some trouble submitting information about his tour bookings and how he was getting paid.

Jaqueline Palank of the Journal reported, “This troubles creditors like 50 Cent, his lawyers wrote in court papers, because it raises the concern ‘as to whether any creditor can truly rely upon these claims and projections by the debtor.'”

The former G-Unit soldier is also contractually tied to the label and has had a second thought about trying to leave since it could result in more debt.

“If the debtor defaults under the recording agreement, and/or rejects the recording agreement, G-Unit would maintain a claim for damages flowing to it as a result of the debtor's failure to perform under the recording agreement in an amount believed to be not less than $10,000,000,” The Journal reports.

Maybe 50's cold heart will melt and he'll give his old homie a break. Then again, he would probably lie and tape the conversation.

  • champhf

    not trying to start anything but this how people get pushed over the edge and start killing. enough man im from new york we love young buck too bad he got to meet cats like 50cent.

  • Buffy1017

    ^champhf
    Business is business. Don't get it twisted. Young Buck was given a record label ( a blessing upon itself ). Now he's gotta pay up like a man for his failures and stop being a failure and stop blaming 50. He owes 50

    • Pale Horse

      50 gave Buck a bullcrap contract and Buck out performed it and should have been given a better contract.

      50 was stealing royalties and when Buck asked about it 50 blocked his radio play and shelved his album for 4 or 5 years and now he is suing Young Buck!!!!!

      AND DON'T SAY IT IS ABOUT 250K THAT BUCK OWES HIM BECAUSE IF HE UNBLOCKS THE RADIO PLAY AND TOOK HIS ALBUM OFF THE SHELF BUCK COULD HAVE PAYED ALL THAT BACK.

      Why doesn't 50 just restructure the contract if he is really so worried about getting his money back????????

      THIS IS ALL PERSONAL, NOT BUSINESS!!!! 50 IS A SCORNED WOMEN LOOKING FOR REVENGE!!!

  • champhf

    champhf
    Business is business. Don't get it twisted. Young Buck was given a record label ( a blessing upon itself ). Now he's gotta pay up like a man for his failures and stop being a failure and stop blaming 50. He owes 50

    -------------------------------------------------------------
    wat im saying is he should be given a chance to at least try to pay a dept. he should be able to come to the table and make a deal without thinking everything is going to end up on the internet. he fkd up yes but he is also being prevented from apying his dept. so what sould he do then?

  • champhf

    I think he got the point dont't ***** with 50Cent

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