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Former NFL QB Young has properties seized to pay for $1.7-M loan

Posted on Friday, July 26th, 2013 at 1:25 pm    

Former National Football League quarterback Vince Young recently had a large number of his personal possessions seized to pay for a $1.7-million loan.

According to Houston’s KHOU 11 News, Harris County constables have been to Young’s home to make an inventory of the NFL star’s valuables, which include furniture, jewelry, and art. All of his personal property, save for $60,000 worth of possessions, will be sold at a private auction to get funds to pay back the loan.

Young has said he didn’t understand the implication of the loan until the company that he got the loan from in 2011 sued him. He also stated that his financial adviser deceived him when obtaining the loan.

Facing the loss of your property, such as your home and vehicles, to overwhelming debts is stressful and worrisome. Fortunately, at the Russell Van Beustring P.C., our lawyers can help anyone in Houston with insurmountable debts evaluate their financial options. Call 713-973-6650 to learn about debt settlement or filing for bankruptcy.

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