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Warren Sapp files for Chapter 7 bankruptcy

Posted on Tuesday, April 10th, 2012 at 5:58 pm    

Former NFL player Warren Sapp has filed for Chapter 7 bankruptcy in Florida. According to court documents, Sapp owes $6.7 million to various creditors, including several hundred thousand dollars in child support and alimony payments, but only has $6.45 million in assets.

Sapp says he owes $853,000 to the IRS from back in 2006 and an additional $89,000 for 2010. His assets include a $540,000 salary for his deal with the NFL Network, 240 pairs of Jordan sneakers, a lion skin rug, De Grisogono watch, Nike golf clubs, and boxing gloves signed by Muhammad Ali.

His 2002 Super Bowl ring he won when he played for the Tampa Bay Bucs and his National Championship ring he won while he played for the Miami Hurricanes are not listed in his assets after he says he lost them.

If you are considering filing for Chapter 7 bankruptcy, contact the Chapter 7 bankruptcy lawyers of the Law Office of Russell Van Beustring, P.C. by calling 713-973-6650.

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