Young Buck may rap about Lamborghinis and Chevys, but it’s a 2002 X5 BMW that’s making a star appearance in his bankruptcy case.
Reports the Wall Street Journal:
Secured creditor Wells Fargo Financial Tennessee Inc. on Friday filed court papers in Young Buck’s Chapter 13 proceeding demanding the right to foreclose on the rapper’s 2002 BMW X5. Wells Fargo, which was granted a lien in the sport-utility vehicle, said Young Buck has missed about seven months’ worth of sale-contract payments and thus owes more than $5,000. As a result, Wells Fargo says its collateral isn’t adequately protected and it should therefore be allowed to seize the car.
The car at issue, according to Edmunds, is the perfect pick for someone who has “too much money and desperately need[s] the SUV image.”
Wells Fargo’s request is slated for a Jan. 31 hearing before a Nashville bankruptcy judge.
Young Buck, whose real name is David Darnell Brown, sought Chapter 13 protection last year to successfully halt an auction of his belongings meant to cover his tax debt.