In an attempt to pay off Young Buck's debt, his catalog is heading to auction. Valued at over $700,000 by SongVest, the sale should help him pay off his creditors, including 50 Cent. Young Buck allegedly owes 50 Cent $250,000, for failing to deliver two albums per his G-Unit contract. The news comes amid ongoing financial struggles faced by Young Buck, who filed for bankruptcy in 2020.
Last year, 50 Cent's legal team alleged that Young Buck was hiding assets, and attempted to recover some of the debt. They filed legal documents which stated, "By failing to disclose the Works and the Royalties, including without limitation at his meeting of creditors and in his petition and schedules, Defendant, with intent to hinder, delay, or defraud a creditor, creditors, and/or an officer of the estate, has transferred, removed, destroyed, mutilated, or concealed, or has permitted to be transferred, removed, destroyed, mutilated, or concealed his Property, within one year before the Petition Date, or property of the estate, after the Petition Date." 50 Cent's team also wanted the debts to be deemed as "non-dischargeable," and additionally asked for "further relief as it deems just and proper."
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Young Buck's Financial Struggles
Young Buck later spoke on 50 Cent's legal filing on the It's Tricky with Raquel Harper podcast. The rapper said, "We're at a standstill. I'm definitely not looking to go down a whole drawn-out court situation when it all could be done on a business level."
He went on to claim, "[50 Cent] sent cease-and-desist [letters] out to try to stop all of my music and get everything pulled down based on saying I'm still an artist on G-Unit. What I did was once [50 Cent] stopped me from being able to make money, I filed another bankruptcy." Young Buck claimed that filing for bankruptcy "stopped [50 Cent] from being able to cease-and-desist anything." He filed shortly after serving time in prison in 2019 for serious debt, including child support payments and outstanding debt to the IRS.
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The post Young Buck's Catalog Heads To Auction To Pay Off 50 Cent Debt appeared first on HotNewHipHop.