Creditors Request That A Shield Of Bankruptcy Protecting Young Buck Be Lifted

On top of legal problems Tennessee rapper Young Buck now faces issues with creditors attempting to seize his property.

Earlier this week it was revealed that rapper Young Buck had been indicted on a gun charge and could possibly face 10 years in prison and now it seems that the Tennessee rappers luck has just gotten even worse.

Although Young Buck filed for bankruptcy last year creditors are now requesting that the court lift the shield of bankruptcy guarding Young Buck.

According to the Wall Street Journal several companies including Wells Fargo Financial Tennessee Inc., Ally Financial Inc., and Select Portfolio Servicing are all looking to seize property from Young Buck.

Each company is scheduled to appear in court later this month for a hearing that will decide if the rapper will in fact keep his property.

But according to Chapter 11 trustee Jeanne Burton, when it comes to the mortgage on Young Buck’s Hendersonville, Tennessee home it’s unclear who is the lawful holder of the mortgage since it was transferred from the original holder.

“Movant has failed to provide sufficient proof that it is the lawful holder of the mortgage with the right to enforce same,” wrote Burton, according to the Wall Street Journal.

Young Buck owes over $500,000 on his mortgage, about $11,000 on a Cadillac Escalade, and an unknown amount on a 2002 BMW X5. 

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29 Comments

  • Anonymous

    Last I heard 50 is trying to get Buck taken off Bankruptcy protection!!!!! Creditors Request That A Shield Of Bankruptcy Protecting Young Buck Be Lifted. ONE OF THE CREDITORS WAS NAMED "THE STATE OF NEW YORK" JUST A COUPLE OF MONTHS AGO AND THEN IT IT CHANGED TO WELLS FARGO FINANCIAL. We know 50 is one of the creditors so why don't we see his name???? Why is he hiding his name while he throws stones???

  • Anonymous

    ((( Young Buck owes over $500,000 on his mortgage, about $11,000 on a Cadillac Escalade, and an unknown amount on a 2002 BMW X5. ))) ------------------------------------------------------ Damn but Buck can make time in his life to record diss-tracks about G-Unit and surf the internet to hate on them. When I sse news like this about Buck I go to you-tube and watch all his disses, rants, n hate toward the only people who helped him!

  • Anonymous

    Co-sign. The problem with Buck was that he was trying to be too fucking loyal and in the process he lost his balls as a man because he had to go along with everything that 50 wanted him to. As soon as Buck tried to think for himself and handle some shit in a mature manner what happened??? 50 treated him like shit!! No man should allow themselves to not be able to think for themselves. As long as niggas agree with 50 and go along with whatever he has going on they are kool with him, but as soon as they disagree or don't get involved with his bullshit, he wants to treat them like shit. Kinda childish really....

  • Anonymous

    This snake made his bed along time ago now he sleeping in it! I don't care or have no mercy on no man who f*cks his own self-over, especially a once multi-million dollar man when its everyday 9-5 hardworking people out here struggling to make ends meet n buy this high-@ss $4 gas just to go to work, who never owned a house, luxury cars, diamond jewlery and all that other f*ckry that this clown called stuntin'....Its funny to see soo-many people saluting Young Broke now but yall wasn't behind him when CASHMONEY aka YMCMB wouldn't put him on, when Juve was poppin' wit his UTP situation but left him stranded, when DEATHROW-Suge Knight laught at his raps! It took a n*gga from New York thats the most-hated to give him a chance at his dream and look how he showed his appreciation...If it wasn't for 50Cent yall wouldn't even know Young Broke to even be a fan of him! When he dissing G-Unit yall stans luv it, just like Gayme when he does it but where was yall before they signed to G-Unit???...Their most success was on G-Unit!!!...They were nobodies to the world before G-Unit!!!....They both even tried to get back with G-Unit after all the disrespect!!! They both knew the caliber of n*gga they was dealing with in 50 so when they decided to go against him they made their bed! This is even more sad for Young Broke b/c 50 did more for him on a personal level than Gayme! I ain't never had a n*gga pay my bills, my taxes to keep me and my family from being evictted and my home from being taken, thats like a n*gga might as well be f*cking my wife b/c he doing my job! At the end of the day Young Broke is from da streets right, well street-n*ggas go to and from jail everyday so handle it n*gga! By the way where all them rap-n*ggas that you was dissing G-Unit for at now??? Where they been at since u been at odds with 50 and them??? The same place they was when u couldn't pay ur taxes the 1st-time around when u ran to 50 crying bout the IRS putting ur weak-@ss out on the streets and u ain't have no money to pay C-Bo & the Outlawz b/c u broke!...smdh@Banrupt-Buck

  • Anonymous

    ((( Young Buck owes over $500,000 on his mortgage, about $11,000 on a Cadillac Escalade, and an unknown amount on a 2002 BMW X5. ))) ------------------------------------------ Damn but Buck can make time in his life to record diss-tracks about G-Unit and surf the internet to hate on them. When I sse news like this about Buck I go to you-tube and watch all his disses, rants, n hate toward the only people who helped him!

  • Daymn

    He shouldn't have left G-Unit. Fuckin with Fif is worse than death.

    • Anonymous

      Buck shouldn't have signed to G-Unit "If you not a day 1 niggah, You are only a business associate, In most cases."

  • papabearATL

    I think Aaron McGruder wrote a Boondocks episode based on this situation. If the first little money you get goes to jewelry, cars and an extravagant house, fail. If you trying to keep it 'hood' in the music 'business' fail. I have no sympathy for this cat. He made grown man decisions based on a childish ideology of the 'hood'. Guess where he's headed back to? He should be ecstatic!

  • DL Dub

    I've been waiting for a long time for a Young Buck album, the most under appreciated former g-unit member there was. Say what you will about his "loyalty" his gritty, country voice and style kept it poppin. Black Gloves still gets major play on my iPod somethin serious. What's funny though, is all these people start talkin about Buck's loyalty to 50 was broken when it's 50 who started the shit. Or does no one see that? Curtis Jackson treated Mr. Brown like a house nigga. And like all slaves who had been bought, at some point they want to be treated like human beings, and not like niggas. What does Jackson do? Play tapes of Buck doin his grown man cry about his preoblems over the phone. Really 50, is that why we tape personal phone calls? Buck is in major trouble there is no doubt about that. It wouldnt surprise me if he got off on the gun charge in tennessee though, something tells me that the police probably didnt have probable cause to find his gun anyway. The humane thing to do would be to help this man at least get his dignity back, if not his success. Maybe next time he wont by so much with nothing.

  • Anonymous

    That Wells Fargo Financial Tennessee Inc. Is Wells Fargo NYC Is 50 cent!!!!! 50 is trying to get Buck off Bankruptcy protection so he will lose his house!!!!

  • Anonymous

    That Wells Fargo Financial Tennessee Inc. Is Wells Fargo NYC Is 50 cent!!!!! 50 is trying to get Buck off Bankruptcy protection so he will lose his house!!!!

  • micheal White

    I wonder how long it will be before so-called HipHop fans realize this ain't about back taxes and mortgages.Buck is having these kind of problems in particuliar because he has refused to"play the game anymore".HE WANTS OUT!!!Think about it,Lil Wayne goes to jail on gun charges,does a B.S. bid(groupies in jail,restaurant food etc.)Brandy killed someone she hit in her car a short time ago..is she in jail?What news reports have followed up that story?Buck is having woes because they(50,interscope)asked him to do something out of character and he refused,now their stripping him of all his"celebrity and wealth"everything that came with their image building machine(his home,cars,star lifestyle)is being destroyed.This is what they do,look at Robert Downey Jr.,he spent decades(1980-til)in an out of jail behind drug abuse now his career is reborn and you rarely hear about his past,Charlie Sheen has that old spot.Stop an think before you attack Buck,Charlie Sheen was making $5million an episode,Dave Chappelle was offered nearly $50million for his show,what made Charlie flip out(again)and Dave walk away??Just stop and think,this is real.

    • Anonymous

      I think Buck had a home invasion that he was shot during. That also might be why he keeps a gun in the house. (????) There goes your Dr. Phil degree & Nancy Grace Masters degree down the drain. smh

    • Simon Magus

      Dave recognized that comedy central wanted cookie cutter mindless race humor and he wanted to do social commentary on race through humor like the greats richard pryor and paul mooney who wrote for the show aka they were laughing at him and not with him and that was a bit much. Some folks have intgrity about themselves and money ain't everything unless you are a whore or worthless. Charlie Sheen is a typical hollywood party boy who went over the edge on the substance. Walk straight master your high plain and simple. young buck is sadly enough typical like many young black atheletes and entertainers. They come from socially distressed areas and have no clue how to handle money. So when they get a nickle they spend a lot of it on ish they don't need, don't pay their taxes and save nothing because they think the magic lotto trick that brought them wealth will continue bringing them wealth. But wealth is harder to keep than generate. The gun charges also speaks to the fact you can take the person out the hood but not the hood out the person in most causes as mystikal was it worth it to seek hood justice on a hoochie for taking money from him? He would have been better off pressing charges

  • Anonymous

    Wells Fargo Financial Tennessee Inc., Ally Financial Inc., and Select Portfolio Servicing are all looking to seize property from Young Buck. READ BETWEEN THE LINES... AKA 50 CENT

  • Anonymous

    ... so a once platinum rapper and super group member..owes half a milly..11k for a escalade and a 2002 bmw.. 2002.. thats damn near a decade ago... wtf.. is this guy spending too much? or just not making enough?.. ah well at least he doesnt have a face tattoo... yet.....

  • Anonymous

    ((( Young Buck owes over $500,000 on his mortgage, about $11,000 on a Cadillac Escalade, and an unknown amount on a 2002 BMW X5. ))) ------------------------------------------ Damn but Buck can make time in his life to record diss-tracks about G-Unit and surf the internet to hate on them. When I sse news like this about Buck I go to you-tube and watch all his disses, rants, n hate toward the only people who helped him.

  • Anonymous

    This snake made his bed along time ago now he sleeping in it! I don't care or have no mercy on no man who f*cks his own self-over, especially a once multi-million dollar man when its everyday 9-5 hardworking people out here struggling to make ends meet n buy this high-@ss $4 gas just to go to work, who never owned a house, luxury cars, diamond jewlery and all that other f*ckry that this clown called stuntin'....Its funny to see soo-many people saluting Young Broke now but yall wasn't behind him when CASHMONEY aka YMCMB wouldn't put him on, when Juve was poppin' wit his UTP situation but left him stranded, when DEATHROW-Suge Knight laught at his raps! It took a n*gga from New York thats the most-hated to give him a chance at his dream and look how he showed his appreciation...If it wasn't for 50Cent yall wouldn't even know Young Broke to even be a fan of him! When he dissing G-Unit yall stans luv it, just like Gayme when he does it but where was yall before they signed to G-Unit???...Their most success was on G-Unit!!!...They were nobodies to the world before G-Unit!!!....They both even tried to get back with G-Unit after all the disrespect!!! They both knew the caliber of n*gga they was dealing with in 50 so when they decided to go against him they made their bed! This is even more sad for Young Broke b/c 50 did more for him on a personal level than Gayme! I ain't never had a n*gga pay my bills, my taxes to keep me and my family from being evictted and my home from being taken, thats like a n*gga might as well be f*cking my wife b/c he doing my job! At the end of the day Young Broke is from da streets right, well street-n*ggas go to and from jail everyday so handle it n*gga! By the way where all them rap-n*ggas that you was dissing G-Unit for at now??? Where they been at since u been at odds with 50 and them??? The same place they was when u couldn't pay ur taxes the 1st-time around when u ran to 50 crying bout the IRS putting ur weak-@ss out on the streets and u ain't have no money to pay C-Bo & the Outlawz b/c u broke...smdh@Banrupt-Buck

    • BigCedBeatz

      This is the realest shit I read on this site. I always tell niggas that buck f*ck himself up. Game did too. It aint bout the money its about loyalty. You're platinum selling artist and was in a super group that bascially got you notice to the industry and yo go do some shit like this. I love buck always ever since he was with CashMoney (YMCMB). He's the only few southern rappers who can flow with any niggas from the eastcoast. But I dont feel sorry for in a way because he fucked up his loyalty with 50. DONT BIT THE HAND THAT FEED YOU!!!

    • real tallk

      stfu 50 Cent stan!

    • Christopher English

      Realest shit I ever seen on this site fam!

  • s

    wow. 50 dun fukd this nigga up. hes a long way from cashville

  • NIGGALINOO

    DAMN BRUH THIS COUNTRY NIGGA BROKE AS SHIT. BACK TO HIS HUMBLE BEGINNINS I GUESS NIGGA

  • J

    Can't even afford a Cadillac. No wonder 50 dropped his ass. Wasn't very impressed with his solo shit either

  • Nico 3

    Welcome to Brokeville... Buck needs a loan.

  • JOE6PACKNCGBOR336

    why want the fuck boy 50 let this man make an album so he can pay him 50 what hes owed then he can get these folks off his back this is not good for him an his fam dont come at me with that loyalty or dont bite the hand that feed you bs thats a wack record label not the mob

    • BigBabyHeysus

      Here's the truth...if a label felt that Buck could be commericially successful, they would pay 50 the $250k Buck owes him. But pretty much no one has any faith that Buck can make an album that would sell well. That's why he's in the predicament. Let's put it this way...if T.I. or Ross or Wayne owed someone $250k and couldn't put out an album before it was repaid, thier labels would pay it off.

  • EddieMurrrphy

    WHEN YOURE GOING DOWN DOWN DOWN

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