Young Buck Could Lose His Name In Bankruptcy Case, Deal With Cash Money In Jeopardy

NEWS

» by Michael Ice-Blue Harris December 24, 2011, 9:42am

Young Buck Could Lose His Name In Bankruptcy Case, Deal With Cash Money In Jeopardy

Young Buck just can't get a break as G-Unit's outcast could possibly be beat with the most deadliest blow yet... the loss of his stage name... "Young Buck."

Young Buck, real name David Darnell Brown, could also lose  other assets in a bankruptcy case that the MC says is also blocking him from signing a new label deal with Cash Money records.

According to The Associated Press, Davidson County Bankruptcy Judge George Paine converted the artist's bankruptcy from Chapter 11 reorganization to Chapter 7 liquidation this week.

The trustee administering his estate has said she plans to sell the trademarked “Young Buck” name along with other assets.

To date, creditors have submitted 22 claims totaling $11.5 million in Buck's bankruptcy case, including $10 million that the record label G-Unit Records says Buck owes them over a contract dispute.

Young Buck spoke with The Tennessean newspaper and stated,

“I just wish the trustee would understand that I'm actually in a position to actually work again.  Either way it goes, you're going to get paid.  I'd be back working again.  My income would only grow just by being a part of a company that's as big as Cash Money and by being an artist as talented as I am.

Cash Money provides me with a job to pay off the bankruptcy and creditors.

My name, Young Buck, has been with me since I was 12, 13 years old. At the end of the day, it's ridiculous. My name wasn't given to me by G-Unit Records. They didn't name me Young Buck.  My mother calls me Young Buck.”

Keep ya head up Buck.  Hopefully 2012 will be a little easier on troubled rapper.

 

 

 

Comment Comments 8 Tags Tags: , , , ,
  • REAL REAL TALK

    LET THIS BE A LESSON TO ALL DONT SIGH ON THE DOTTED LINE????

                          █ ——— R ——— ██ ——— E ——— ██ ——— A ——— ██ ——— L ——— █
                         █ ——— R ——— █ █ ——— E ——— █ █ ——— A ——— █ █ ——— L——— █
                         █ ——— T ——— █ █ ——— A——— █ █ ——— L ——— █ █ ——— K ——— █

    • AwiseFAN

      You MEAN DON'T "SIGN" on the dotted LINE. ;) I agree! .... UNLESS one HAS a (very) "SHREWD" ATTORNEY go OVER (ANY) CON-TRACT, I WOULDN'T SIGN JACK!! Lol ;-)

  • AwiseFAN

    No, what he NEEDS to DO IS: 1.) KEEP the NAME YOUNG BUCK, (BUT, CHANGE the SPELLING) TO: "YOUNG BUCCCK", (MORE BANG for THE BUCCCK)!"HEYYY!" I can HEAR him SAY that NOW! ;-) OR, CHANGE it to: "YOUNG BUQ", "YOUNG BUC", OR, A VARIATION THEREOF, (that SUITS HIM)! ... & 2.) PROTECT his "NECK", (by NOT SIGNING with CASH MONEY)!! ...I.E, KEEP your 'MANHOOD', (AND DIGNITY), "YOUNG" BUCK!! "WHAT does IT PROFIT A MAN to GAIN (THE WORLD), & 'LOSE' HIS SOUL?!" $$ ISN'T EVERYTHING!! I'M CONTENT with my $25,000 A YR., my SOUL INTACT!! ;-) "HE that HATH EARS, 'LISTEN UP'!!" .... Signed, A "WISE" FAN.

  • AwiseFAN

    He'll BOUNCE BACK, (HOPEFULLY on HIS OWN TERMS)! ;-) Young BUCK, you (DON'T) NEED to SELL OUT in order to DO what you LOVE, "TRUST ME!" ... GOD "SPECIALIZES" in making the (IMPOSSIBLE) "POSSIBLE!!" ... TRY JESUS! ;-) I have "EVERYTHING" that I NEED, (AND MOST of MY WANTS), & am NEARLY "DEBT-FREE", LIVING ON $25,000 from my JOB, "PLUS", I SELL "HOMEMADE" PIES, (BROWNIES, & other DESSERTS) on THE SIDE (VIA my "HOME-based" BUSINESS) in "CASHVILLE"! ;-) "GOD is GOOD!!" :-) I'M PRAYING for you, YOUNG "BUCCCK"! TRY USING 3 C'S when you CHANGE your STAGE NAME! It's MO' BANG fo' yo' BUCCCK, BABY! ;-) lol :-)

    • american6%erharlem1%er

      You only make $25,000 a year and you are trying to give someone advice? If you are over 30 kill yo self.

      • Ayo

        25 000 dollars a year is nothing, I agree. But 25,000 a year with no debt is priceless. The fact of not owing anyone a penny is priceless. I make more than 100k but below 130k a year and I use to have over 50k in debt about 5 years ago, Now I only have 11,300 in debt and I am so happy. I sleep better now and by end of this year, I wouldn't owe anyone any penny. Having no debt is priceless and u get to plan and focus on ur feauture.

      • Pddz2001

        How is it that you're able to pay off $11K in 5 days but it took you 5 years to pay off the other $39k? And I don't know how the world gives a salary of $100K+ towards someone's "feauture". I don't even know what that is but I hope it includes more schooling.

  • http://pulse.yahoo.com/_HI3YT7USTP722TYZTWOWHUXXSM Sweetrose78

    Wow...that's crazy.

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