Young Buck accused of hiding more than $100,000 in bankruptcy
The trustee overseeing Young Buck’s bankruptcy case claims the rapper hid hundreds of thousands of dollars in unreported income!
Young Buck’s battle with his bankruptcy filing continues over claims the rap star hid hundreds of thousands of dollars.
Young Buck, born David Danell Brown, filed for bankruptcy in January 2020 after spending the last half of 2019 in prison for being a fugitive from justice.
The rapper’s debts began piling up after he ran into financial trouble with the IRS. He also owes child support and supposedly $250,000 to his former friend-turned-enemy 50 Cent.
Things went well until July 2021, when Young Buck was accused of withholding his ASCAP royalty statements and trying to hide $35,000 paid to his publishing company Mouth Full Of. Ice.
Young Buck eventually settled with the bankruptcy trustee for the $35,000.
However, 50 Cent attempts to end the settlement as the money allegedly belongs to G-Unit since Young Buck never fulfilled his contractual obligation to deliver two albums to the label.
And now Young Buck has more financial issues to deal with as his bankruptcy goes through court.
Young Buck received more than $108,000 from Sound Exchange which he never reported to the bankruptcy trustee, Erica Johnson.
It’s getting worse.
According to Johnson, Young Buck also received over $32,000 from independent distributor Select-O-Hits. After filing for bankruptcy, he also withdrew over $47,000 in royalties from Universal Music Publishing.
Johnson argues that all of that money belongs to the bankruptcy estate so the rapper can pay off his debts.
Bankruptcy estate asks judge to have Young Buck hand over all pending distributions and an order declaring the rap star’s catalog belongs to the bankruptcy estate, free and clear of ‘all exemptions’ and/or interests of the debtor”.
Johnson is also seeking judgment against Young Buck for the amount of distributions the rapper received and hid.