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Senate Judiciary Committee to Hold Hearing Tomorrow Examining Student Loan Bankruptcy Reform

Submitted by jhartgen@abi.org on

The full Senate Judiciary Committee will be holding a hearing tomorrow at 10 a.m. EDT titled "Student Loan Bankruptcy Reform." ABI's Commission on Consumer Bankruptcy will be submitting written comments for the committee's consideration as student loans and bankruptcy were the first issue addressed in its Final Report. For more information on the hearing and a link to the live webcast tomorrow, please click here.

To access the Commission's full report, please click here.

To access a summary of the Commission's key findings, please click here.

Young Buck Sued Over Music Royalties, Accused of Refusing To Turn Over Assets in Bankruptcy

Submitted by jhartgen@abi.org on

Young Buck is accused of refusing to turn over the royalties he was paid despite owing thousands to creditors, RadarOnline.com reported. According to court documents obtained by Radar, the trustee presiding over Buck’s bankruptcy has filed a suit demanding the rapper turn over ASCAP checks. Back in January 2020, Young Buck (real name: David Darnell Brown) filed for chapter 13 bankruptcy in Tennessee Court. In his petition, the rapper said he pulled in $4,450 a month and his monthly bills totaled $1,490. However, he had assets totaling $5,761 with liabilities totaling $48,316.20 His biggest debt was $45,766.20 owed in back child support. He also owed $1,250 in taxes and other debts. Buck also listed 50 Cent as a possible creditor. The two have had beef ever since 50 kicked Buck out of G-Unit. The court documents revealed Buck’s dire financial situation. He said he was using his girlfriend’s car for transportation at the time of his filing. His assets included his household furniture worth around $360, clothes worth $100, and $100 worth of jewelry.