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50 Cent Sues Young Buck Over $250k Debt

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Source: MEGA

Jun. 2 2022, Published 3:44 p.m. ET

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50 Cent has slapped his former G-Unit member Young Buck with legal papers over an unpaid record advance.

According to court documents obtained by Radar, the music mogul asked a federal judge to not allow Buck to wipe an alleged $250k debt in his Chapter 7 bankruptcy.

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Source: MEGA

50 explained Buck entered into an exclusive recording contract with G Unit in 2014. He was paid a $250k advance.

Per the contract, Buck was required to turn in 2 albums. 50 said his artist failed to comply with the terms of the agreement and did not make any albums.

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Buck allegedly released music without permission from G-Unit in violation of his contract.

In January 2020, Buck filed for bankruptcy after being released from jail.

In court docs, he listed assets totaling only $5,761. He said he owed $52k I back child support and $415k in unpaid taxes.

In his lawsuit, 50 demands the $250k debt not be discharged as part of the Chapter 7. He points to various incidents in the bankruptcy where Buck failed to follow the court rules.

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Source: MEGA

50 said Buck “failed to disclose some of all of the” royalties from his music in the case. Further, he said Buck failed to inform the court of a 2017 F-250 black truck he owned.

The suit states, [Buck] falsely stated, under oath, that his bankruptcy schedules and Statement of Financial Affairs were correct.”

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50 wants the entire bankruptcy dismissed or at least the $250k debt not discharged. The judge has yet to rule.

In 2020, Buck ripped 50 Cent’s claim he was owed money. He said, "Homie claimed that I had owed him and s---, all of that b-------. I know I don't owe n---- but even me at a point of time … I got to the place where I was like, you know what, I just want to get the work, f--- it, I'll pay him. So, I even got to a point where I even tried to pay the n----."

50 was not impressed with the interview and fired back on Instagram., "I gave this fool the money man, he spent it. I paid his taxes and all his legal fees. then he got caught with a t----, and said f--- you 50,” he said.

AllHipHop.com was the first to report on the lawsuit.

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