Legal

50 Cent is Trying to Block Young Buck's Bankruptcy By Snitching

By HHL JT
pixel_start

50 Cent notoriously used bankruptcy to reorganize his finances.

He doesn't want to let Young Buck do the same.

In 2020, Buck filed for chapter 13 bankruptcy to keep creditors off his back, 50 being one of them. The move was also so Buck could keep releasing new music.

50 Cent is trying to block the bankruptcy and get back the 250K he gave Buck in 2014 as part of his record deal.

Fif claims Buck has been hiding royalties from the bankruptcy court -- royalties that should go to 50.

“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.

In addition, 50 claims that Buck is fraudulently hiding a 2017 F-250 black truck from the court by claiming it was wrecked.

“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 argued.

While we get why 50 would want his royalty money, the disclosure about the truck seems a little like ... snitching.

pixel_end

Discuss

Beef 50 Cent Predicts Violence In The Chris Brown, Quavo Beef 50 Cent Predicts Violence In The Chris Brown, Quavo Beef / Beef News 50 Cent Launches Massive Film studio and "Male Tyler Perry" Trends 50 Cent Launches Massive Film studio and "Male Tyler Perry" Trends / News News 50 Cent Has Questions About How Lil Uzi Vert Looked At Coachella 50 Cent Has Questions About How Lil Uzi Vert Looked At Coachella / News Beef 50 Cent Picks A Side In Drake Vs. Kendrick 50 Cent Picks A Side In Drake Vs. Kendrick / Beef News 50 Cent Wants The Guy Suing Megan The Stallion Physically Assaulted 50 Cent Wants The Guy Suing Megan The Stallion Physically Assaulted / News News 50 Cent Uses A Strange Text Message In New Diddy Troll 50 Cent Uses A Strange Text Message In New Diddy Troll / News