By Lora Neng
WWW.STREETGANGS.COM STAFF WRITER
July 30, 2012
Young Buck may be forced to face his financial woes under an IRS imposed auction, but even being "no material-driven dude," he hasn't yet resigned himself to the loss of certain "sentimental" items.
An auction of a portion of Young Buck's property netted $53,000, the largest reaping of which came from the $12,300 sale of his 615 Cashville necklace. But the jewelry piece won't be parted from the Nashville rapper forever, as News Channel 5 reported that the rapper's manager purchased it with plans to return it to its original owner. The rapper may also be sticking to his legal name of David Darnell Brown since his stage name "Young Buck" was also sold on the auction block.
Brown's trustee Jeanne Burton admitted there was "no reasonable likelihood of reorganization," when both G-Unit Records and Universal Music Group refused to modify his recording and distribution contracts. The former G-Unit member's filing for bankruptcy was then expedited to liquidation late last year as a means to repay his creditors.
There is still a long way to recovering enough cash to pay off his totaled $11.5 million debt. Brown will also be serving 18 months in prison for being a felon in possession of a firearm and ammunition.