A federal decide in Houston has ordered former NFL working again Adrian Peterson to show over a large number of property to repay a debt estimated to be greater than $12 million.
In line with USA As we speak’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 residence, which was granted this week.
A Texas public sale home was caught in the course of the saga in March when a debt collector acquired Peterson’s NFL trophies and tried to promote them off. A decide referred to as off the public sale after Peterson objected, and that case has not but been resolved.
Area Stage 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, based on Spotrac. He performed for seven totally different groups, primarily for the Minnesota Vikings.
The 2012 league MVP seems to be one of the latest professional athletes who’ve encountered monetary pitfalls after making hundreds of thousands of their enjoying days.
In line with the American Chapter 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 decide’s order will resolve Peterson’s debt or if additional authorized proceedings might be crucial.
