QB Kosar files for bankruptcy

[kmp77]

http://sports.yahoo.com/nfl/news;_y...YF?slug=ap-kosar-bankruptcy&prov=ap&type=lgns

Ex-NFL QB Kosar files for bankruptcy

Jun 19, 4:07 pm EDT
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MIAMI (AP)—Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.

Kosar’s Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.

Kosar owes almost $1.5 million in “unsecured debt” to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.

The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business.

Kosar, who also played for Dallas and Miami, retired from the NFL in 1996.

 

[Monster Heel]

I'd buy his Cowboys' Superbowl ring for a few hundred.

 

[TellerMorrow34]

What a shame. I guess the guy isn't all that good of a business man and apparently makes a lot of bad decisions in his life. What a shame.

 

[Aikbach]

I'd buy his Cowboys' Superbowl ring for a few hundred.

Come on man, the economy has lots of people hurting right now, you never know when the shoe could be on the other foot, the old adage is that we're all three bad moves away from being homeless; it's a humbling thought.

 

[Avaj]

Wow...sad

 

[Monster Heel]

Come on man, the economy has lots of people hurting right now, you never know when the shoe could be on the other foot, the old adage is that we're all three bad moves away from being homeless; it's a humbling thought.

Didn't mean it in a disparaging way. Just joking really, but I can see where it was pretty tasteless of me.

 

[Aikbach]

Didn't mean it in a disparaging way. Just joking really, but I can see where it was pretty tasteless of me.

I didn't think you were trying to be malicious, we all just have to be a little careful with our words, we can come across flippant with someone's personal struggles, especially in the particular time we live in where 1 in 10 Americans are unemployed, 1 in 4 is in debt and the economy is a bad event away from borderline depression status.

 

[Big Dakota]

There was a story i read on BK some years back. His wife was trying to legally stop him from giving away a bunch of assets that he had. Apparently, from what i remember reading he was giving his possesions to friends and family and his wife wanted to have him evaluated by a shrink because she feared he wasn't right in the head. Don't know what ever became of that deal but it sounded real strange at the time.

 

[Big Dakota]

good read.

http://www.sun-sentinel.com/sports/miami-dolphins/sfl-bernie-kosar-bankrupt-062209,0,1090131.story