News: Young Buck On Verge Of Having Slate Cleaned, 50 Cent Debt Vanishes
Thursday, Sep 19, 2013 10:55AM
Former G-Unit member Young Buck is reportedly on the verge of getting out of bankruptcy and not owing ex-boss 50 Cent nearly as much as he was loaned a few years ago.
According to reports, the incarcerated rapper is not legally obligated to fully pay back what the Forbes hip-hop heavyweight gave him prior to splitting with the Unit.
Rapper Young Buck is a new man ... he's about to emerge from bankruptcy with a clean slate ... but creditor/good friend 50 Cent doesn't even get 50 cents. Get this ... 50 had loaned Buck $300k, and there was an outstanding balance of $171,000. According to docs, obtained by TMZ, 50 will get zilch. Ditto G-Unit Records. It had it's hand out for $10 MILLION. Just like 50, G-Unit will end up with goose eggs. Someone got lucky. Of course, it's the lawyers, the bankruptcy trustee and Uncle Sam -- they'll split about $330k. Shakespeare was right ... right? (TMZ)
Last summer, 50 said Buck's past anti-Unit ways had left a sour taste in his mouth.
"I think it's unfortunate. I don't wish that on nobody, having to sit in the joint. But I don't know how to respond in a nice way to blatant disrespect that was offered. I'm the kind of person that I don't let go of things easy, I'll be honest with you. If I'm the driving force behind why the situation is what it is, I'll accept it. But when I can't see what I've done to offer it, then I think that that was just a plan that didn't go right. If it went the way they wanted it to, there would still be no white flag. That goes across the board...even with my personal relationships with women. It's always people looking for what they want out of it." (XXL Mag)
Young Buck officially turned himself into a Mississippi jail last year on a gun conviction.
Young Buck is back in prison ... TMZ has learned the former G-Unit rapper has officially begun his 18-month sentence for gun possession. Sources connected to the rapper tell us ... moments ago, Buck checked into Yazoo City Medium Security Federal Prison in Southern Mississippi. As we previously reported, federal agents recovered multiple guns in Buck's home during a 2010 raid. At the time, he was prohibited from possessing any sort of firearm because he was already a convicted felon. (TMZ)
Prior to beginning his sentence, Buck said he hoped to get back together with Fif's team.
"It's been a long time since I've had any kind of conversation with [Lloyd] Banks, [Tony] Yayo, 50 [Cent], anybody really through that camp over that way," Buck told DJ Whoo Kid in an interview. "It's been even a long time since I heard your voice to even have a conversation and we having it on air, live for the people. ... At the end of the day, we've made history and I would never not consider not being a chance for us to make history again if ever given the opportunity or chance. My thing is, at the end of the day, we only get older out here in this situation, in life, in itself and the older I became, the wiser I became at the same time." (Shade 45)