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.
