Bankruptcy Judge Orders Young Buck Into Liquidation

A bankruptcy judge told Young Buck to get straight out of Cashville. From Wall Street Journal:

Judge George C. Paine II of the U.S. Bankruptcy Court in Nashville, Tenn., switched Young Buck’s Chapter 11 reorganization to a Chapter 7 liquidation this week, court papers show, granting the request of the attorney shepherding the rapper and driving force behind Cashville Records through bankruptcy.

As Bankruptcy Beat previously reported, trustee Jeanne Burton in October concluded that Young Buck (real name: David Darnell Brown) didn’t have a viable shot at reorganizing. Burton came to this conclusion after spending months reviewing Young Buck’s financial situation and helping him to craft a bankruptcy-exit plan. But in the end, it all came down to fellow rapper and former mentor 50 Cent.

That’s because Young Buck’s plan counted on his ability modify a recording agreement with 50 Cent’s G-Unit Records and a distribution agreement with Universal Music Group. The revamped agreements would provide the revenue needed to pay off Young Buck’s creditors, according to the plan. However, G-Unit and Curtis Jackson (aka 50 Cent) opposed the plan, and Burton said both G-Unit and Universal aren’t willing to modify the agreements.

In Chapter 11 bankruptcy, Young Buck had the ability to work with Burton in putting forth a plan that would use his future earnings to pay his creditors. But under Chapter 7, his assets could be sold and distributed among his creditors. Still, he can ask the court to declare certain assets exempt from bankruptcy, allowing him to keep them, and he can also ask the court to release him from certain debts.

There will be a meeting for Young Buck’s creditors on Jan. 30 in Nashville, court papers show.

As the rapper’s Twitter feed would have it, perhaps there may be some cash for creditors. He declared that he “Made more #Money than my whole Career in 7 days!!!” in a Nov. 30 tweet, which he followed up the same day by claiming “And just for the #Haters sake, I DON’T OWE NOOOBODY S*@$!!! Not even who u thank I OWE!!!”

Or maybe we shouldn’t read too much into that. After all, on Dec. 7, Young Buck tweeted this: “Judge me by the #Man, not by what’s in my #Hand. #Money don’t make you #Real.”

Big Tigger Fired From WPGC

According to DCRTV , Big Tigger is out of his morning drive show at CBS Radio’s urban contemporary WPGC, 95.5 FM. His last day was today. They’re told that he has a six-month non-complete clause in his contract prohibiting him from being heard on any area stations until mid-2012.

Z-Ro – I Even Bleed Blue (Flows From 5200)

This is just dope beyond words, man. He literally ‘performs’ tracks from 5200. Tracklisting to this live rendition of sorts after the jump.

1. Moments In Tha Hood 0:11 – 2:14
2. Grind All Night 2:15 – 4:05
3. Shife (Kush Flow) 4:06 – 7:34
4. Look Good 7:35 – 9:34
5. Paper 9:35 – 11:37
6. Drank So Good 11:38 – 13:59
7. O’ Let’s Do It (Freestyle) 14:00 – 15:14
8. High (Single Ladies Freestyle) 15:15 – 17:02

David Banner – Sway In The Morning Interview; Responds To V-Nasty Diss

Sway In The Morning and had the opportunity to give him his first listen of V-Nasty’s “Diss” against him on her Gucci Mane collab BAYTL. The rapper responds to her “How a white bitch more hood then David Banner” comment and shares his opinion that “Black people need to stop letting people play our culture.”

In the second part of the interview, Banner speaks on V-Nasty’s use of the N-word and Mistah F.A.B.’s defense of her.


Rick Ross “Talk That Talk (Remix)” x “I’m Flexin’ (Remix)”

Rick Ross’ has an upcoming mixtape on the way, MMG’s general went over two records from his peeps which was released by the homie Shaheem Reid. I hope we get some more new records from the boss real soon.
“Talk That Talk (Remix)”

 

 â€œI’m Flexin’ (Remix)”