Bankrupt rapper Young Buck may have to sell his name
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As bad as things got for Willie Nelson, at least at the end of his financial nightmare, they still called the guy Willie.
That may not be the case for Nashville rapper Young Buck, who could lose his trademarked nickname in a Chapter 7 bankruptcy liquidation case, the Tennessean newspaper reported.
The multiplatinum recording star, who was born David Darnell Brown, apparently owes a lot. He owes child support. He owes the IRS. And he allegedly owes more than $10 million to rapper 50 Cent and his G-Unit record label, with whom Young Buck is engaged in a nasty contract dispute.
On a judge’s order Wednesday, the case was converted from a Chapter 11 reorganization to a Chapter 7 liquidation case (for a detailed explanation of the issues involved in such a conversion, peep the mad flow of the attorney for the U.S. Trustee Program’s Region 11, Richard C. ‘L’il Boozy’ Friedman).
As part of the liquidation, the trustee administering Young Buck’s estate plans to sell the trademarked ‘Young Buck’ name, among other assets.
One can only wonder who might step up and pay for the honor: Will it be Los Angeles Laker Metta ‘Young Buck’ World Peace? North Korean strongman-slash-whippersnapper Kim ‘Young Buck’ Jong Un? (Or will this whole episode persuade him to hold out until financial misfortune befalls Lil’ Kim)
Whatever the answer,-- that is, The Artist Soon To Be Formerly Known As Young Buck -- is, understandably annoyed.
“My name, Young Buck, has been with me since I was 12, 13 years old,” Buck told the Tennessean. “At the end of the day, it’s ridiculous. My name wasn’t given to me by G-Unit Records. They didn’t name me Young Buck. My mother calls me Young Buck.”
-- Richard Fausset in Atlanta