Chapter 7, that is.
There’s a rapper who calls himself “Young Buck” (real name David Darnell Brown). He owes money to people. People like the IRS. People like his baby mama. And people like 50 Cent and the G-Unit record label; according to the LAT, he owes them “more than $10 million”.
“Young Buck” originally filed for bankruptcy under Chapter 11, which, as you know Bob, allows one to reorganize their debts. But now the Chapter 11 has been turned into a Chapter 7, aka “total liquidation”.
The fun part? The name “Young Buck” (which is also trademarked) is an asset that will be sold off in the liquidation.
A couple of notes:
- How did he get that far in debt to G-Unit Records? According to the LAT, there’s some sort of contract dispute involved, but I’d really like to know more about what’s going on here. In a way, it is kind of reminiscent of Steve Wyrick: how do you get that far in the hole before someone pulls the trigger?
- Can we all agree that the phrase “peep the mad flow” does not belong anywhere in an article on a major daily newspaper’s website (except maybe as a direct quotation, in quotation marks)?