Young Buck is in a bit of trouble with the United States Bankruptcy Court — and it’s all thanks to some ill-advised social media posts.
According to Complex, the rapper born David Darnell Brown has made some Instagram posts that have raised the collective eye of the federal courts. Apparently, he’d been posting about some of his things — such as a motorcycle, a set of gold grills, and even CashApp donations — which he’d previously not disclosed to the courts in his initial bankruptcy filing.
Young Buck filed for Chapter 7 bankruptcy in January of 2020 — shortly before the pandemic — to avoid paying a litany of creditors, including the mother of his children, the IRS, and even Curtis “50 Cent” Jackson himself.
The Cashville rapper claimed that he initially filed for bankruptcy to get out of his G-Unit obligations. In addition to not honoring his contractual commitment to the label, Young Buck also claimed that he owed 50 Cent more than $250,000 in a personal loan — and he was unable to make good on those obligations.
At the time in which the posts were allegedly made, he was paying about $500 a month to the bankruptcy trustee until he could come to a formal agreement with the courts. Now, however, Young Buck is due in court on May 6 to respond to these new allegations.
Failing to Disclose Assets in Bankruptcy
According to Complex, Young Buck is currently in a Chapter 7 bankruptcy filing. The U.S. Courts reveal that while a Chapter 7 plan involves the liquidation of assets to pay off debts, it also states that it is imperative for the debtor (in this case, the former G-Unit rapper) to disclose all of his (or her) assets in his (or her) possession.
Any failure to do so is considered “hiding assets.”
And NoLo reports that doing this can lead to a number of penalties — including failure to discharge debts, fines, and even criminal charges.
Did 50 Cent Force Young Buck Into Bankruptcy?
But according to Young Buck himself, none of this would be happening if 50 Cent hadn’t forced him into filing bankruptcy. The former G-Unit soldier told a podcast (via TMZ) that because his former boss has allegedly tried to stop him from making new music, he can’t make money to pay him (or anyone else, for that matter) off. What’s more, Young Buck claimed that he filed for bankruptcy so he could discharge all of his debts — including the one he has to 50 Cent.