Tuesday, May 29, 2012

Ex-NFL Star Jamal Lewis Files for Bankruptcy

Ex-NFL Star Jamal Lewis
Files for Bankruptcy
Makes a Lot, Spends a TON

Exclusive

0525_jamal_lewis_article
Retired NFL star Jamal Lewis -- who helped the Baltimore Ravens win the Super Bowl in 2001 -- has filed for bankruptcy, claiming he's a financial train wreck ... and can't pay his eight-figure debt.

Jamal filed the Chapter 11 papers in Atlanta -- according to the docs, he's got $14,455,854 in assets but he's racked up a whopping $10,566,764.18 in debts.

Among his creditors -- Bank Of America has a lien for $947,876, Benz has one for 113k, Chrysler for 15k ... and the list goes on.

As for his assets -- Jamal's got five homes, a bunch of expensive cars, a $500,000 401(k), and 50% ownership in Fort Rapids Indoor Waterpark in Columbus, OH (worth about $6 mil).

According to the docs, Jamal is self-employed and earns approximately $35,000 a month.

By filing Chapter 11 Jamal ... can keep most of what he's got, while negotiating reduced and extended payments to creditors.

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