Former professional football player Clinton Portis recently filed for Chapter 11 bankruptcy in Florida after reports revealed that he was facing debts of over $2.5 million. News sources said the 34-year-old ex-Redskins star filed for Chapter 11 Bankruptcy in the Northern District of Florida on November 5.
Documents revealed that Portis has more than $1 million left on an unpaid mortgage to Residential Credit Solutions. The foreclosure process of the home which Portis built for his mother, for which there is a $920,000 unsettled mortgage, has been halted due to the bankruptcy filing. Portis, who has estimated his assets to value between $1 million and $10 million, is also seeking to be protected from his other debts, such as car loans, income taxes, credit card bills, and gambling debts.
The lawyers at Greenway Bankruptcy Law, LLC in Birmingham represent individuals who seek to relieve financial stress through bankruptcy or debt negotiation. To speak to our financial legal team today about your options, call (205) 324-4000 today.