Young Buck’s bankruptcy is drawing to a close while the rapper serves a prison sentence for gun possession.
The trustee overseeing the Nashville, Tenn.-based rapper’s bankruptcy liquidation recently filed her final report in the case, which raised $391,331.59 to pay creditors. Most creditors aren’t getting paid in full, while some aren’t getting paid at all.
It was tax debt that pushed Young Buck, whose real name is David Darnell Brown, into bankruptcy. The Internal Revenue Service will be paid in full on a $42,699 claim for unpaid income taxes, but the federal tax agency will only recover $22,575.25 (87.52%) of a separate $25,793 claim.
The New York state tax department and Davidson County Criminal Court—which handed Young Buck his prison sentence following his 2011 arrest—will also recover 87.52% of their respective claims of $26,914.73 and $868.31.
The lucky few who will be paid in full? Bankruptcy trustee Jeanne Burton, who carried out the liquidation, the federal bankruptcy watchdog and Child Support Services of Tennessee (owed $14,156).