Clinton Portis bankruptcy....

[Tainthappening]

Just read this...

Former Washington Redskins and Denver Broncosrunning back Clinton Portis made about $43 million during his nine-season NFL career.

But a federal bankruptcy filing this week showed Portis owes nearly $5 million to creditors --- including $500,000 to his own mother.

Portis' mother, Rhonnel Hearn, is tied for second as the biggest creditor in Portis' bankruptcy case, according to court records obtained by USA TODAY Sports.Entertainment Tonight correspondent and former sideline reporter Nischelle Turner is also owed $500,000.

A mortgage company ($1,023,020) is Portis' biggest creditor and the debt is listed as a "mortgage deficiency."

Portis, 34, also owes the IRS $390,000, an amount he is disputing. Rounding out the top-5 creditors is the MGM Grand Hotel and Casino, which has won judgment of $287,178 against Portis.

Portis also owes four different women for domestic support obligations totaling $412,000.


List of creditors is interesting... mom, MGM and a sideline reporter...

 

[dkmightyhammer]

Sad in a way. Funny in another way.

I'm not a pro athlete and I've never had access to that kind of cash so I don't know how I'd have handled having it at such a young age. However, I do think I'd have been smart enough to know the money won't keep coming in forever and I should set a chunk aside.

34 years old, broke and with no real work experience or skills outside of football is going to make it tough for him to find good work that pays well. There's only so many analyst jobs out there and they don't pay that big.

 

[Wolvie]

mom as creditor is a sneaky way to keep you money. They'll split up what assets he has that isn't protected and then split it up pro rata. His mom with get a good percentage of what is divvied out, which goes right back to him more than likely. Can't bankrupt your way out of child support obligations though sucka!

 

[NinerSickness]

 

[Sharkonabicycle]

"The $500,000 IPAD that was encased in diamonds seemed like a good idea at the time!!!" (said no intelligent person ever).