The former football star of Washington Redskins fame reportedly filed for Chapter 11 bankruptcy on November 5 in the U.S. Bankruptcy Court in the Northern District of Florida after falling into a debt of over $2.5 million. Portis’ bankruptcy filing halted the foreclosure process of the 7,000 sq. ft. home he built for his mother in Montheocha. The home had a $920,000 unpaid loan, which was believed to be a major factor in Portis’ decision to file for bankruptcy protection. Bankruptcy papers revealed that Portis has listed his assets ranging from $1 million to $10 million; however, he did not include a detailed list of his assets.
If you are struggling to overcome insurmountable debts, a skilled bankruptcy attorney at Hong Law, PLC may be able to offer you the help you need to get through the bankruptcy filing process in order to recover your financial footing. Our legal team offers a number of financial services designed to help you get out of debt. Call our Cedar Rapids office today at (319) 294-5853 to learn more.
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