Young Buck files for Bankruptcy

By Chris Masi
STREETGANGS.COM STAFF WRITER
September 1st, 2010

More news of financial trouble hits former G-Unit rap star, Young Buck. TMZ reports that the rapper has filed for Chapter 13 bankruptcy, but Buck insists that it is “not because I am broke.” He also told TMZ, “I have to get my finances back in order and deal with the contract situations I was in.”

Young Buck’s house in Nashville was raided earlier last month by Feds regarding his tax debt.

The rapper told TMZ that by filing for Chapter 13, he will be able to get all of his seized property back. He currently has 5 years to repay his creditors under a payment plan approved by court.

With bankruptcy as his saving grace, Buck told TMZ, “Now I have a clean slate and full control over my own life and career.”