Rapper Young Buck may lose name and other assets in bankruptcy

A bankruptcy judge in Tennessee has decided to switch rapper Young Buck’s Chapter 11 filing to liquidation, and as a result he may lose one of his biggest assets, his name.

Young Buck, whose real name is David Darnell Brown, filed for Chapter 11 bankruptcy protection on 2010 when his recording contract failed to propel his career. His bankruptcy trustee changed to liquidation, because he did not have any money left to pay upcoming bills. Many of his assets will be sold, including his name.

When a bankruptcy attorney files for Chapter 11 protection; the person or business is allowed to re-organize their debts and continue operating their businesses. Under Chapter 7, a person must sell off their assets to satisfy debts with creditors.

Young Buck was displeased with the decision and is most concerned with keeping his name as a new recording contract with Cash Money Records is pending. Without his trademark name this new more profitable contract may be in jeopardy. Other recording artists on the Cash Money label include Lil’ Wayne and Nicki Minaj.

Young buck was previously on the G-unit label, but a falling out with 50 Cents has prevented him from recording since 2008.

Bankruptcy lawyers make decisions based on the income and debt liabilities of the individuals or businesses they represent. It can be very difficult to decide if bankruptcy is the best option, but the advice of a bankruptcy attorney can make it clear if debt protection is the right choice.