Young Buck filed for bankruptcy in 2020, but 50 Cent intends to collect on debt stemming from a G-Unit recording contract.
Young Buck continues to face legal pressure from 50.
According to court documents obtained by AllHipHop, 50 Cent is still seeking to collect money from Young Buck in a bankruptcy case. The G-Unit leader has objected to the possibility of certain dischargeable debts.
50 Cent insists he paid Young Buck at least $250,000 for a recording contract signed in 2014. Young Buck allegedly failed to live up to his end of the deal when he never delivered two new albums for G-Unit.
Young Buck filed for bankruptcy in January 2020. But 50 Cent says the Nashville native published works in violation of his recording contract before the filing and kept doing so after declaring bankruptcy.
50 Cent accuses Young Buck of not disclosing royalties received from those published works in the bankruptcy case. The outspoken rapper believes this strengthens his argument for recouping money from Young Buck.
“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 legal team wrote.
The Power executive producer also alleges his old friend didn’t reveal ownership of a 2017 F-250 black truck. Young Buck now claims the truck has been wrecked, making it unrecoverable by the estate.
“By failing to disclose that he owned the Black Truck, including without limitation at his meeting of creditors and on his schedules, Defendant knowingly and fraudulently, in or on connection with the Bankruptcy Case, made a false oath or account,” 50 Cent’s attorneys contend.
50 Cent is asking the court to declare the debts nondischargeable. He’s additionally seeking “further relief as it deems just and proper.”
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