Former NFL Quarterback Files For Bankruptcy
In 2006, Vince Young was on top of the world after leading the Texas Longhorns to the Rose Bowl as the starting quarterback. Shortly after a great career at Texas he was drafted with the third overall pick in the 2006 draft to the Tennessee Titans.
2014, at the age of 30 Vince Young has filed for Chapter 11 bankruptcy according to David Barron of the Houston Chronicle.
According to Barron,
Attorney Brian Kilmer of Houston filed the petition last week in a Houston federal bankruptcy court on Young’s behalf, listing Young with estimated assets between $500,001 and $1 million and liabilities between $1,001,000 and $10 million. No specific details on Young’s assets and liabilities were immediately available.
Over the last year, Young, 30, has been locked in a pair of lawsuits stemming from a $1.8 million loan obtained in his name during the 2011 lockout.
A New York state court has granted a judgment against Young to Pro Player Funding, a New York company that made the loan, which along with interest has grown to more than $2.5 million, according to a Pro Player attorney.
Pro Player Funding has made several efforts in a Harris County state district court to enforce collection of the judgment, but those efforts remain pending.
Despite the allegations, the defendants have vehemently denied any wrongdoing, according to CBS News.
“This is a person scrambling helplessly and pointing in all directions to blame others to get out of debt,” said Charles Peckham, Adams’ attorney.
Young was last seen in preseason with the Green Bay Packers. He was released on August 31.