Thursday, July 26, 2012

Times Is Hard: IRS Auctions Off Young Buck's Possession For A Grand Total Of $53,000

The much beleaguered rapper's possessions were put for sale by the IRS and netted a grand total of $53,000, reports News Channel 5 in Tennessee. A number of Buck's personal possessions including jewelry, recording equipment and platinum plaques were sold; the priciest item reportedly a 615 Cashville necklace that was sold for $12,500. However, said chain's appraised value was $20,000.
Buck's creditors won't be too happy with the tally since he owes in the six figures. 
In December, a U.S. Bankruptcy Court judge in Nashville converted the bankruptcy of David Darnell Brown -- the rapper's legal name -- from a Chapter 11 reorganization to a Chapter 7 liquidation.
Creditors submitted claims totaling $11.5 million, including $10 million that the label G-Unit Records said Buck owed them over a contract dispute.
No word on who purchased the name "Young Buck." A couple of weeks ago, the former G-Unit rapper was sentenced to three years in prison (he'll only need to serve 18 months) on weapons charges. Despite his misfortune, Buck has been keeping a positive attitude. "I know whatever is at the end of the rainbow…it's gotta be a pot of gold," Buck told XXL recently.
Just make sure Uncle Sam gets that ~30% off top.

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