The financial woes of American rapper and actor “Young Buck” have been cleared after he recently got out of bankruptcy, according to a report on September 19.
Some of the 32 year-old rapper’s creditors will not be paid back; 50 cent, for example, will not receive the $117,000 he is owed, according to legal papers.
To settle his debt, Young Buck paid a total of $391,333.59 and settled more than 85 percent of what he owed to the New York State Tax Department.
The rapper filed for bankruptcy in 2010 after IRS agents took his assets to settle his taxes. Young Buck is expected to be out of prison this October after being charged with firearms possession.
In many situations, filing for bankruptcy may be the best solution to get out of debt. If you or a loved one can no longer handle an overwhelming debt situation in Florida, discuss your legal options with Ryan J. Really, Attorney at Law, PLLC, today by calling (239) 237-0675.
