50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan

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 7 years ago '08        #1
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flix02 2063 heat pts2063
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50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan
 

 

The Wall Street Journal reports 50 Cent's lawyers won't make things easy for Young Buck when he heads to bankruptcy court next week.

Earlier this month, Young Buck and his legal team had to submit a debt repayment plan in anticipation of a June 19 bankruptcy hearing. The repayment plan is a standard document that many creditors require when a debtor decides to file for bankruptcy protection. The Wall Street Journal’s “Bankruptcy Beat” reports that 50 Cent’s legal team won’t be making things easy for the former G-Unit member.

“At a recent questioning over Young Buck’s financial affairs, 50 Cent’s lawyers said the rapper ‘had trouble identifying where he had been on tour, who had booked his travel, how he had even gotten from one place to another,’” Jaqueline Palank of the Journal reported. “This troubles creditors like 50 Cent, his lawyers wrote in court papers, because it raises the concern ‘as to whether any creditor can truly rely upon these claims and projections by the debtor.’”

The objection to Buck’s debt repayment plan was filed Monday, essentially argues that Buck has too many unanswered financial questions to put his plan into action. Another sticking point in the matter is if Buck would honor his commitment to 50’s G-Unit label. At press time, Buck was still contractually obligated to record under G-Unit Records. Previous documents stated that Buck would seek to reject the recording agreement. But more recent indications are that Buck would keep and/or modify the recording agreement, and for good reason.

“If the debtor defaults under the recording agreement, and/or rejects the recording agreement, G-Unit would maintain a claim for damages flowing to it as a result of the debtor’s failure to perform under the recording agreement in an amount believed to be not less than $10,000,000,” The Journal reports.


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 50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan | Get The Latest Hip Hop News, Rap News & Hip Hop Album Sales | HipHop DX

181 comments for "50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan"

 07-13-2011, 10:08 AM         #2
Slickems 
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 7 years ago '09        #3
JewsusChrist 211 heat pts211
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10 milii?????

50 srs?

he know buck dont even got 1 milli
 7 years ago '04        #4
mprnc2000 16 heat pts16
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Damn Buck! You shouldve stayed with the unit:nickyahh:
 7 years ago '04        #5
KidKingGoD 3 heat pts
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50 cent as an enemy will crush you completely...
 7 years ago '05        #6
Str8 outta Cuse 5 heat pts
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10 million dollars?
 7 years ago '10        #7
A.Dot789 1067 heat pts1067
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Buck fu*ked up BIG time
 07-13-2011, 11:20 AM         #8
SouthSide King 
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Damn this sh*t sad because i actually like buck. Feel sorry for him but, aye he did it to himself. fu*ked wit the wrong n*gga.
 7 years ago '10        #9
Hovi Bryant 676 heat pts676
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Why did Buck and 50 fall out again?
 7 years ago '09        #10
akverse47 462 heat pts462
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Buck would be running G-Unit South instead of Shawty Lo. Now he aint got a pot to p!ss in...smh
 7 years ago '10        #11
t from the 617 
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damn

he's done for life
 7 years ago '08        #12
VerbalAssassin 105 heat pts105
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 Slickems said:

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/thread
 7 years ago '04        #13
Khazano 
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50's got his foot on Bucks neck, and he aint letting up...
 7 years ago '10        #14
Troublesome91 48 heat pts48
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back on my broke sh*t v3

damn buck


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 7 years ago '05        #15
ghost213 31 heat pts31
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 KidKingGoD said:
50 cent as an enemy will crush you completely...
Yeah for real just look at what he has done to D-Block, Jadakiss, Cam'ron, Rick Ross, Lil Wayne & Game....... oh wait he aint crush NONE of them, sh*tt the n*gga even cool with some of them now.....I guess he never had no strings to pull with regards to contracts etc for those artists.

I remember when 50 was getting that put into court for that 10 milli thing, 50 a fu*ked up n*gga, its not like young buck was not provoked when he said fu*k gunit, plus 50 wont let the n*gga release anything.

50 the same n*gga that was crying about ja rule blackballing him....now he's in a position he is doing much worse to the young n*gga he use to call his lil brother in interviews..... I hope KARMA come back for this n*gga....this is fu*ked up......the 2nd best member of G-unit was young Buck staraight UP

Look at them trying to snitch Young Buck up and keep him locked on g-unit with no intension of releasing any of his music or giving him any budgets etc to do so....Buck already facing prison time, is 50 really this petty


Last edited by ghost213; 07-13-2011 at 11:47 AM..
 7 years ago '08        #16
Gmo BlaZe 29 heat pts29
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smh...i feel bad for Buck. He is really talented
 7 years ago '09        #17
Arob 20 heat pts20
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 ghost213 said:
Yeah for real just look at what he has done to D-Block, Jadakiss, Cam'ron, Rick Ross, Lil Wayne & Game....... oh wait he aint crush NONE of them, sh*tt the n*gga even cool with some of them now.....I guess he never had no strings to pull with regards to contracts etc for those artists.

I remember when 50 was getting that put into court for that 10 milli thing, 50 a fu*ked up n*gga, its not like young buck was not provoked when he said fu*k gunit, plus 50 wont let the n*gga release anything.

50 the same n*gga that was crying about ja rule blackballing him....now he's in a position he is doing much worse to the young n*gga he use to call his lil brother in interviews..... I hope KARMA come back for this n*gga....this is fu*ked up......the 2nd best member of G-unit was young Buck staraight UP

Look at them trying to snitch Young Buck up and keep him locked on g-unit with no intension
of releasing any of his music or giving him any budgets etc to do so....Buck already facing prison time, is 50 really this petty


So you're not gonna act like buck doesn't owe him money?
 7 years ago '06        #18
ClevelandRay 
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 ghost213 said:
Yeah for real just look at what he has done to D-Block, Jadakiss, Cam'ron, Rick Ross, Lil Wayne & Game....... oh wait he aint crush NONE of them, sh*tt the n*gga even cool with some of them now.....I guess he never had no strings to pull with regards to contracts etc for those artists.

I remember when 50 was getting that put into court for that 10 milli thing, 50 a fu*ked up n*gga, its not like young buck was not provoked when he said fu*k gunit, plus 50 wont let the n*gga release anything.

50 the same n*gga that was crying about ja rule blackballing him....now he's in a position he is doing much worse to the young n*gga he use to call his lil brother in interviews..... I hope KARMA come back for this n*gga....this is fu*ked up......the 2nd best member of G-unit was young Buck staraight UP

Look at them trying to snitch Young Buck up and keep him locked on g-unit with no intension of releasing any of his music or giving him any budgets etc to do so....Buck already facing prison time, is 50 really this petty

Right! It's ashame he didn't use his lawyers in the Sleek deal. Buck was the best in that camp (between him, yayo, banks)
 7 years ago '05        #19
kingpin222 2 heat pts
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 ghost213 said:
Yeah for real just look at what he has done to D-Block, Jadakiss, Cam'ron, Rick Ross, Lil Wayne & Game....... oh wait he aint crush NONE of them, sh*tt the n*gga even cool with some of them now.....I guess he never had no strings to pull with regards to contracts etc for those artists.

I remember when 50 was getting that put into court for that 10 milli thing, 50 a fu*ked up n*gga, its not like young buck was not provoked when he said fu*k gunit, plus 50 wont let the n*gga release anything.

50 the same n*gga that was crying about ja rule blackballing him....now he's in a position he is doing much worse to the young n*gga he use to call his lil brother in interviews..... I hope KARMA come back for this n*gga....this is fu*ked up......the 2nd best member of G-unit was young Buck staraight UP

Look at them trying to snitch Young Buck up and keep him locked on g-unit with no intension of releasing any of his music or giving him any budgets etc to do so....Buck already facing prison time, is 50 really this petty
lmao what?! 50 gave that n*gga everything he got, put food on his table, clothes on his kids back. Stop it 5. Then Buck bites the hand that feeds him and you expect 50 to just pull him out the hole he dug for himself? What kind of world you live in my n*gga.
 07-13-2011, 12:05 PM         #20
Silver N Black 
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it's time for buck to take sh*t to the street level. 50's gonna crush this guy on the legal side, it's getting close to action time for buck.
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