Young Buck’s Bankruptcy Protections Contested

By Lora Neng
WWW.STREETGANGS.COM STAFF WRITER
March 9, 2011

Shortly after his indictment on a charge of being a convicted felon in possession of a firearm and ammunition, with the possibility of facing 10 years in prison, Young Buck is now facing legal complications over bankruptcy. The Tennessee rapper, whose real name is David Darnell Brown, filed for Chapter 11 last year. His creditors are currently requesting that the court lift the shield of bankruptcy guarding his assets.

According to The Wall Street Journal, Auto lender Ally Financial Inc. is now targeting Brown’s Cadillac Escalade for defaulting on $11,409 worth of monthly payments. Select Portfolio Servicing, who claims to be owed more than $544,000 on a mortgage, is watching Brown’s Hendersonville, Tennessee home. Brown’s lawyer defended the rapper against their motion to lift the bankruptcy protections,  stating that the mortgage was transferred from the original holder and foreclosures could not proceed if the appropriate paperwork was not completed as part of the transaction.

Wells Fargo Financial Tennessee Inc.’s request to seize Brown’s 2002 BMW X5 is pending court consideration on March 22.

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