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Young Buck’s Music Catalog To Be Auctioned Off To Pay 50 Cent and Other Creditors To Clear His Debt

by Iesha
June 6, 2023
Reading Time: 1 min read
0
Young Buck Denies $250K Debt to 50 Cent, Attempts to Avoid Payment in Bankruptcy

50 Cent vs Young Buck

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Rapper Young Buck’s music catalog is headed to the auction block as a part of an agreement to clear his debt with creditors, including 50 cent.

The move comes after the rapper had to file for bankruptcy protection in early 2020 as a result of well-known financial struggles.

His issues worsened after he didn’t deliver his last two albums under G-Unit and never paid back a $250,000 loan.

The rapper was accused in July 2021 of hiding $35,000 paid to his publishing company, Mouth Full Of Ice, and withholding royalty statements from ASCAP.

According to AllHipHop.com, it has been confirmed that SongVest, a brokerage company that specializes in selling music royalties, valued the rapper’s catalog, which is made up of performance royalties, mechanical royalties, publishing royalties, and song copyrights, at over $700,000.

Sources say that the catalog sale will bring in enough money to pay off all of Young Buck’s debts, including the allegedly $250,000 owed to 50 Cent.

SongVest will facilitate the sale as part of the strategy to a private network of about thirty investors.

Young Buck’s catalog might sell for up to $1 million if the court approves it, with the broker set to get 10% of the sales price.

 

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