Daily News Alerts
Get our daily news stories right in your email inbox. Subscribe below.

Bank Wants To Seize Young Buck's BMW, Due To Non-Payment

By Allen Starbury   |   Published 01/11/2011

Young BuckYoung Buck may have been able to stop an auction of his possessions late last year, but apparently, his debt problems are still on the horizon.

According to the Wall Street Journal, creditors want their money, and one of his cars may be seized soon from Wells Fargo who financed the loan for the vehicle.

In court papers filed on Friday (January 7) by Wells Fargo Financial Tennessee Inc., the bank is demanding the right to foreclose on the rapper's 2002 BMW X5, as part of his Chapter 13 bankruptcy proceeding, which he began last September.

The bank was already granted a lien in the sport-utility vehicle, said the report, after Buck missed about seven months' worth of payments, owing more than $5,000 on the truck.

As a result of non-payment, Wells Fargo says they should be allowed to seize the car.

A decision for Well Fargo's request is expected to be made at a January 31st hearing in Nashville.

Buck (real name: David Darnell Brown) sought Chapter 13 protection last year, which resulted in the successful halt of an auction of his belongings, meant to cover his tax debt.

Categories: Music        Tags: ,
  • http://www.ChurchesRobbin.com Big $trong Bishop Eddie Long

    buck just apply for SSI like the rest of the drug
    addicts

  • http://ballerstatus red

    Daaaaaaaaam buck

  • Telepathic

    Buck BMF fo'rizzeal! Must be nice.

  • bill

    Cmon 50 let of the man neck a little he's suffer enough
    already

  • PackAglock40

    Somebody has it in for him. They are making sure he has nothing. He need someone to take the course off him.

  • J-Smooth

    LOL. And this FOOL keep stunting. This is what happens when you refuse to grow up and tell the TRUTH. I blew all my money and did know what to do

  • Money

    Young Buck got Bad Luck

  • jak

    2002 X5... that is a joke... a 9 yr old BMW... BUCK WTF?

  • chronwell

    The Wall St Journal needs to hop off Young Buck's dick! He aint the last rapper whos Benz or Beamer gettin repo'd this year HAHAHA!!

NBA TV To Celebrate 20th Anniversary Of Dream Team With Documentary
NBA TV will celebrate the 20th anniversary of USA Basketball's iconic team, The Dream Team...
Killah Priest, Hussein Fatal Drops Off Exclusives For 'Digital Dynasty 20'
In support of the upcoming free mixtape, the series' creator Tha Advocate drops off two exclusives...
Free Download: DMX - The Weigh In (FreEP)
While fans wait for his next album, DMX delivers a brand new free project as an appetizer, an EP titled The Weigh In...
 
Home | About Us | Advertise With Us | Contact Us | Internships | Privacy Policy

© BallerStatus.com 2010 ‘Til Infinitiy. Hated On Since 2002. All Rights Reserved.