Earlier this week, administrator Erica R. Johnson filed a complaint about royalty turnover with the court. Johnson traced Young Buck’s ASCAP earnings and determined that the rapper received $ 24,228.14 after he filed for bankruptcy, and that’s money that belongs to the bankruptcy estate. Young Buck reached a resolution on the undisclosed royalties, he reached a settlement agreement with the bankruptcy estate under the following conditions.
Young Buck is to repay $ 515 each month, which will continue until a date to be mutually agreed upon.
Young Buck has until the 15th of each month to make payment, with a 5 day grace period.
If Young Buck defaults on the settlement, the bankruptcy estate will go after the entire outstanding balance.
In conclusion, all royalties from its catalog before January 2020 must be remitted to the trustee to reimburse the rapper’s creditors.