Ex-Heisman winner Young files for bankruptcy
The petition was filed last week in a Houston federal bankruptcy court, listing Young with estimated assets between $500,001 and $1 million and liabilities between $1,001,000 and $10 million. The Houston Chronicle reports (http://bit.ly/1edNPn8 ) no specific details on Young's assets and liabilities were immediately available.
The 30-year-old Young is fighting a pair of lawsuits stemming from a $1.8 million loan obtained in his name during the 2011 NFL lockout.
A court has granted a judgment against Young to Pro Player Funding, a New York company that made the loan.
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.
Our new comment system is not supported in IE 7. Please upgrade your browser here.