Who knew a person could lose EVERYTHING in a bankruptcy case. According to reports, Young Buck (born David Darnell Brown), could lose his stage name as a result of the case. Hip Hop Wired reports:
According to The Associated Press, Davidson County Bankruptcy Judge George Paine converted the artist's bankruptcy from Chapter 11 reorganization to Chapter 7 liquidation this week.
The trustee administering his estate has said she plans to sell the trademarked “Young Buck” name along with other assets.
To date, creditors have submitted 22 claims totaling $11.5 million in Buck's bankruptcy case, including $10 million that the record label G-Unit Records says Buck owes them over a contract dispute.
Young Buck spoke with The Tennessean newspaper and stated,
“I just wish the trustee would understand that I'm actually in a position to actually work again. Either way it goes, you're going to get paid. I'd be back working again. My income would only grow just by being a part of a company that's as big as Cash Money and by being an artist as talented as I am. Cash Money provides me with a job to pay off the bankruptcy and creditors. My name, Young Buck, has been with me since I was 12, 13 years old. 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.”
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