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Chalk up anther L for Young Buck. The much beleaguered rapper’s possessions were put for sale by the IRS and netted a grand total of $53,000, reports News Channel 5 in Tennessee. A number of Buck’s personal possessions including jewelry, recording equipment and platinum plaques were sold; the priciest item reportedly a 615 Cashville necklace that was sold for $12,500. However, said chain’s appraised value was $20,000.

Buck’s creditors won’t be too happy with the tally since he owes in the six figures. 

In December, a U.S. Bankruptcy Court judge in Nashville converted the bankruptcy of David Darnell Brown — the rapper’s legal name — from a Chapter 11 reorganization to a Chapter 7 liquidation.

Creditors submitted claims totaling $11.5 million, including $10 million that the label G-Unit Records said Buck owed them over a contract dispute.

No word on who purchased the name “Young Buck.” A couple of weeks ago, the former G-Unit rapper was sentenced to three years in prison (he’ll only need to serve 18 months) on weapons charges. Despite his misfortune, Buck has been keeping a positive attitude. “I know whatever is at the end of the rainbow…it’s gotta be a pot of gold,” Buck told XXL recently.

Just make sure Uncle Sam gets that ~30% off top.

UPDATE: Buck claims that brought back the aforementioned chain himself. “B-tch I bought back the #Highest thing they Auctioned Off!! I didnt have room for all the #Old Isht. Lol!! I’m Tooo #BrandNew!!,” he tweeted.

UPDATE 2: Now with the video.


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Photo: MSNBC