50 Cent notoriously used bankruptcy to reorganize his finances.
He doesn't want to let Young Buck do the same.
In 2020, Buck filed for chapter 13 bankruptcy to keep creditors off his back, 50 being one of them. The move was also so Buck could keep releasing new music.
50 Cent is trying to block the bankruptcy and get back the 250K he gave Buck in 2014 as part of his record deal.
Fif claims Buck has been hiding royalties from the bankruptcy court -- royalties that should go to 50.
“By failing to disclose the Works and the Royalties, including without limitation at his meeting of creditors and in his petition and schedules, Defendant, with intent to hinder, delay, or defraud a creditor, creditors, and/or an officer of the estate, has transferred, removed, destroyed, mutilated, or concealed, or has permitted to be transferred, removed, destroyed, mutilated, or concealed his Property, within one year before the Petition Date, or property of the estate, after the Petition Date,” 50 Cent’s legal team wrote.
In addition, 50 claims that Buck is fraudulently hiding a 2017 F-250 black truck from the court by claiming it was wrecked.
“By failing to disclose that he owned the Black Truck, including without limitation at his meeting of creditors and on his schedules, Defendant knowingly and fraudulently, in or on connection with the Bankruptcy Case, made a false oath or account,” 50 Cent’s attorneys argued.
While we get why 50 would want his royalty money, the disclosure about the truck seems a little like ... snitching.