EXCLUSIVE: Young Buck Denies Owing $250,000 To 50 Cent, Tries To Get Out Payment In Bankruptcy
Young Buck vehemently denies the claim that he received a $250,000 advance from 50 Cent and his label G-Unit as he attempts to pay off creditors in his bankruptcy.
The conflict centers on an agreement dated July 22, 2014. 50 Cent has previously accused Buck of not fulfilling his contract with G-Unit, thus owing money to the label, a claim that Buck denies. Buck and his legal team argue that does not obligate him to repay any funds as they were not classified as a loan.
In documents obtained by AllHipHop, Young Buck’s legal team outlined their objections to G-Unit Records’ claim of $250,000 against him. They argue that any money Buck received would have been before the contract’s signing and should be considered an advance rather than a debt.
Furthermore, Young Buck’s lawyer, Jonathan Augusta, explained the contract lacks any provision requiring Buck to repay these funds, thereby challenging the basis of G-Unit Records’ claim.
As the agreement does not explicitly state that Buck must repay the advance in case of a breach, Buck’s attorneys argue that G-Unit Records’ claim lacks merit and should be dismissed.
This dispute between the two artists spans several years, featuring an intricate web of legal and personal disputes over contracts, debts, and public insults. These disagreements have often spilled into the public sphere with personal insults, further complicating the relationship between Buck, 50 Cent, and G-Unit Records.
Young Buck has faced financial turmoil, leading to two significant bankruptcy filings. His initial bankruptcy was filed in 2010, prompted by financial difficulties, including debts to 50 Cent, the IRS, child support obligations and other money issues.
He filed again in May of 2020. This filing aimed at restructuring his debts under Chapter 13 bankruptcy protection, which came after a tumultuous 2019 involving jail time and financial struggles.
The move was partially to challenge his contractual obligations with 50 Cent’s G-Unit.