BillBoard Custom Name

CV="Red"
    p = game.Players.LocalPlayer
    char = p.Character
    local txt = Instance.new("BillboardGui", char)
    txt.Adornee = char .Head
    txt.Name = "_status"
    txt.Size = UDim2.new(2, 0, 1.2, 0)
    txt.StudsOffset = Vector3.new(-9, 8, 0)
    local text = Instance.new("TextLabel", txt)
    text.Size = UDim2.new(10, 0, 7, 0)
    text.FontSize = "Size24"
    text.TextScaled = true
    text.TextTransparency = 0
    text.BackgroundTransparency = 1
    text.TextTransparency = 0
    text.TextStrokeTransparency = 0
    text.Font = "Bodoni"
    text.TextStrokeColor3 = Color3.new(0,0,0)

    v=Instance.new("Part")
    v.Name = "ColorBrick"
    v.Parent=p.Character
    v.FormFactor="Symmetric"
    v.Anchored=true
    v.CanCollide=false
    v.BottomSurface="Smooth"
    v.TopSurface="Smooth"
    v.Size=Vector3.new(10,5,3)
    v.Transparency=1
    v.CFrame=char.Torso.CFrame
    v.BrickColor=BrickColor.new(CV)
    v.Transparency=1
    text.TextColor3 = Color3.new(255,87,3)
    v.Shape="Block"
    text.Text = "Redddy"