Former Baltimore Ravens RB Jamal Lewis faces delayed bankruptcy hearing -NFL News
Following a request from the trustee, a bankruptcy court has delayed proceeding of the case of former Baltimore Ravens’ running back, Jamal Lewis, who has recently filed for protection against his inability to service his debts.
The trustee requested the court to reschedule the hearing date, following his meeting with creditors this month. The date of the meeting has not been provided by him.
Further, the trustee filed a motion in the court seeking transfer of the case to a Chapter 7 filing, which will allow him to sell off assets of the player.
Lewis in his filing has declared his assets worth $14.5 million while the total debts on him amount to $10 million.
A report has claimed that the player’s off-the-field investments are in sectors such as hotel, trucking, resorts and theme parks.
He declared himself to have gone bust after being not able to service his debts, which have surmounted to a greater amount now.
Now he faces the bankruptcy hearing where the trustee will argue on his total holdings and debts, while seeking the right to sell off his assets to recover as much amount as possible.
The court in wake of the trustee’s motion has set July 10 as the new date for hearing of the case.
Lewis retired from the professional league in 2009 after having played for nine consecutive seasons. He played for the Baltimore Ravens and Cleveland Browns.
He was reported to be in dire financial situation about a couple of months ago, struggling to honour his debt payment commitments.
Reports of him going bust and then filing for bankruptcy emerged about a couple of days ago. He is one of the few league players who have struggled to make ends meet after their retirement.
It is pertinent to mention that the player is also a part of the extended players group seeking compensation from the NFL, alleging the office to have failed protecting them from concussions.
The players claim that those injuries have had long-term implications on their life after the retirement and it was due to the reason that NFL’s concussion policies were not effective for their safety and welfare.