This guy, Young Buck (read more here if you don't know about him -- I personally had no idea who this character was) has just been evicted from his house in Hendersonville, Tennessee, which is outside Nashville. Apparently, he filed for a chapter 13 bankruptcy back in 2010, which means that he has 3-5 years to pay back his debts. He owed a lot of money in back taxes, which is a bad thing in bankruptcy, and you can't discharge those. Young Buck then ended up converting his 13 to a 7 (like most chapter 13 debtors do because it's so hard to meet the requirements of the plan), and liquidation began. First up, his house. Let me point out that, in a chapter 7 bankruptcy, you are only permitted up to a certain amount of value of personal items (remember? you owe people lots of money). In this picture, you see Young Buck carrying his Louis Vuitton travel bag --- methinks that bag will claim a large chunk of his personal property exemption limit in a 7. His lawyer might want to have a little chat with Mr. Buck about how-to-look-like-a-pauper. Poor people don't have bags worth thousands of dollars.
This blog is mainly focused on current legal stories and cases. Because I am licensed in Ohio and Tennessee and living in Oklahoma, I tend to read (and therefore blog) mostly about cases from those states. When I get tired of reading about legal cases, I blog about my dogs and other interesting stories. I try to keep the author as my dog Ella, but I'm not very successful at that. Goal for future: Be more persuasive about Ella being the author despite me being the one who can type.
Showing posts with label Young Buck. Show all posts
Showing posts with label Young Buck. Show all posts
Tuesday, May 22, 2012
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