A federal choose in Houston has ordered former NFL working again Adrian Peterson to show over a mess of property to repay a debt estimated to be greater than $12 million.
Based on USA Today’s Brent Schrotenboer, Peterson’s debt stems from a $5.2 million mortgage in 2016 that, after a number of authorized battles, has ballooned to the roughly $12.5 million whole.
The court-appointed receiver filed a request in court docket in July to grab Peterson’s valuables at his Missouri dwelling, which was granted this week.
A Texas public sale home was caught in the middle of the saga in March when a debt collector acquired Peterson’s NFL trophies and tried to promote them off. A choose referred to as off the public sale after Peterson objected, and that case has not but been resolved.
Discipline Degree Media (h/t ESPN) reported Tuesday that Peterson’s public relations agency says “he has been left solely accountable” for the monetary fallout from errors made by a former enterprise associate.
Peterson made $103.2 million over his 15-year profession within the NFL, according to Spotrac. He performed for seven totally different groups, primarily for the Minnesota Vikings.
The 2012 league MVP seems to be one of the crucial current professional athletes who’ve encountered monetary pitfalls after making thousands and thousands of their taking part in days.
Based on the American Bankruptcy Institute, practically 16% of NFL gamers as of 2015 had filed for chapter inside 12 years of retiring and 78% confronted critical monetary hardships after retirement.
It’s unclear if the choose’s order will resolve Peterson’s debt or if additional authorized proceedings can be essential.
