Young Buck is eyeing 14 claims filed against him in his ongoing bankruptcy proceedings and those claims have reached a total of $11.5 million. G-Unit has filed a $10 million claim in the event of a breach of contract, while 50 Cent has filed a $171,000 claim for a loan of $300,000 in 2005.
Joyce notes that some of the Tennessean emcee’s financial issues have come from a deal signed with G-Unit, a deal that she says was unfair. Joyce adds that G-Unit managed Buck as an artist and that this didn’t allow him to conduct business appropriately, particularly after Buck’s longstanding differences with 50 Cent.
“One of the biggest problems with Buck’s situation is not only that it’s so complex, but also that he didn’t understand it,” she said in an interview with The Tennessean. “The money went in and the money went out and Buck’s universe of knowledge about his financial state is a balance on an ATM receipt. … Buck never knew at one point, at several points, that he was a millionaire.”
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Recently, Joyce, who has worked without pay, requested a $500,000 budget for a new Young Buck album through G-Unit. Joyce adds that they are looking for a way to get the project released, though his records on the label have been on ice. If they don’t release the album, Joyce is asking for G-Unit to release YB from his contract.
This comes after other bad news surrounding Young Buck this month. Although currently out on bail, Buck was recently arrested on a federal gun charge. In the interview, Joyce says that she will continue to support Buck on the road to recovery from financial and legal troubles.
