According to the Wall Street Journal, 50’s lawyers are concerned that Young Buck will not be able to come up with the money he owes 50 Cent as they are having trouble identifying where Buck’s funds are coming from.
Lawyers for 50 Cent rejected the plan as they state that they “had trouble identifying where he had been on tour, who had booked his travel, how he had even gotten from one place to another.”
In court documents 50 Cent’s lawyers wrote that it troubled 50 to rely on the words of Buck without paper work backing up the proof as the court documents read: “as to whether any creditor can truly rely upon these claims and projections by the debtor.”
Young Buck who has been signed to 50 Cent since to 2004 is still under contract, has been seeking to get out of his contract with G-Unit , but it looks like Buck will be forced to stay, as 50’s lawyers state:
“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,”
Young Buck is scheduled to appear in bankruptcy court on July 19th.