Posted on Wednesday, April 11th, 2012 at 2:42 pm
Former NFL player for the Tampa Bay Buccaneers, Warren Sapp, has announced that he has filed a bankruptcy petition even though he had a successful football career as well as a career as a television personality.
According to the 59 page bankruptcy petition that was filed, Sapp’s assets total to almost $6.4 million and this includes a watch, Nike Air Jordan shoes, and a rug made of lion skin.
The documents also show that he owes a total of nearly $6.7 million to creditors as well back child support payments. Sapp owes nearly $75,000 a month in child support and alimony payments and documents show that his income is close to $116,000 a month. His assets will be liquidated in order to make these payments.
If you or a loved one has been struggling with debt and would like to discuss your options with an experienced representative, contact the Joliet bankruptcy lawyers of the Law Office of Stuart B. Handelman, P.C., by calling 815-722-2201.