Posted On: January 15, 2010 by Scott Sagaria

NFL's Bernie Kosar and Chapter 7 Bankruptcy

Just like many debtors in San Jose, athletes also face the possibility of bankruptcy. Just ask Bernie Kosar.

The former NFL and Miami Hurricanes star quarterback just had his bankruptcy changed to Chapter 7 liquidation. Documents filed September 23 show that Kosar has $9.2 million in assets and $18.9 million of debt. Initially Kosar’s petition showed he owed $1.5 million to the Cleveland Browns, $3 million to his ex-wife, and more than $9 million to a bank for bad real estate deals. Bottom line, San Jose, bankruptcy affects everyone from all walks of life.

If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys.  After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you.  Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram downstopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs.  Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

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