October 29, 2010 08:41:04 GMT
The rapper's bankruptcy lawyer said they agreed on a payment plan which would force him to sell some of his properties.
U.S. tax officials have called off an auction of items seized from Young Buck's home after the rapper agreed to pay back his debts. Internal Revenue Service (IRS) agents raided the hip-hop star's Tennessee property in August and left with his most valuable assets after he allegedly failed to pay $300,000 in taxes.
The goods were due to be sold on Thursday, October 28 but IRS officers canceled it after Young Buck's bankruptcy lawyer took legal action to block the sale and agreed a payment plan with the government.
According to legal filings, attorney Lynda Jones claimed the raid caused the star's family to become distressed, which prevented him from paying installments. The former G-Unit star will reportedly put some of his real estate on the market to clear his delinquent taxes, reports The Tennessean.