Source: The Dallas Morning News
HOUSTON — Former NFL and University of Texas quarterback Vince Young has filed for Chapter 11 bankruptcy protection.
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.
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