Due to the financial problems he’s experienced over the past two years Young Buck will likely lose some possessions near and dear to his heart.
The Wall Street Journal reports that Buck’s intellectual properties will be up for sale as part of his Chapter 7 Bankruptcy liquidation. Among the items the former Nashville MC will have to sell are his “trademarks and copyrights, all masters, compositions, royalties, rights and licenses owned by debtor and all rights of publicity owned by debtor.”
Last year Buck was ordered by a judge to sell his intellectual property after he failed to present a workable business plan to recoup the millions for dollars he owed creditors. Jeanne Burton, Buck’s bankruptcy trustee, will conduct the sale on May 14 at the law firm of Harwell Howard Hyne Gabbert & Manner in Nashville.
Though he stands to lose much of the material that made him a standout member of 50 Cent’s once powerful crew, this could be the beginning of a career turn-around for the hard-luck rapper.
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