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Home  >  Posts tagged "NFL player bankruptcy"

NFL star files for bankruptcy

The Baltimore Sun reports that former Baltimore Raven Jamal Lewis is entangled in federal bankruptcy court in Georgia today, after filing for bankruptcy in April.

Today’s hearing will determine if his case will go on as a Chapter 11 case, which would be controlled by him and his attorney, or a Chapter 7 case, in which a trustee would sell his assets to his creditors.

Lewis’ filing claims $10.6 million in debts while showing $14.5 million in assets. He is facing trouble after a string of failed investments.

Jamal Lewis was trying to do good with his money, but unfortunately ran into some bad luck, as many people do. If you’re struggling under a great financial burden and can’t seem to make any headway, you may want to begin considering bankruptcy. Contact the bankruptcy lawyers of Hong Law, PLC, at 319-623-1400.