Home | Forums | Shop | Donate

Go Back   Warpath > Redskins Forums > Redskins Locker Room

Mark Brunell to file for Bankruptcy

Redskins Locker Room

LinkBack Thread Tools Display Modes
Old 06-26-2010, 08:24 AM   #31
Special Teams
Warren85Ellard's Avatar
Join Date: Dec 2007
Location: Reston,VA
Posts: 330
Re: Mark Brunell to file for Bankruptcy

Brunell needs Wu-Tang Financial

Wu-Tang Financial | Chappelle's Show | Comedy Central
Warren85Ellard is offline   Reply With Quote

Old 06-27-2010, 09:11 AM   #32
Pro Bowl
Beemnseven's Avatar
Join Date: Feb 2004
Location: Virginia Beach
Posts: 5,308
Re: Mark Brunell to file for Bankruptcy

Originally Posted by Buster View Post
I wonder if any of his real estate investments were near New Orleans...the land is probably worthless and unsellable down there. Jacksonville has been hit harder than most cities in the nation from this economy also, which is no secret...just look at their ticket sales.

I wondered how it happened when I saw the title...he's a good person, not one to have child support issues or a gambling problem like so many other pro athletes. Real estate was a big cash cow for a few years, but it took a violent and sudden downturn...a LOT of people got burned bad.

From the article, it sounds like other members if his investment group couldn't hold up their parts and he tried to cover the entire thing himself for a couple of years...and just couldn't sustain it.

Diversify your investments...don't try to rely on any one source of investment income...if it goes south, you lose everything.
From the article:

Brunell faces multiple lawsuits from his involvement in Champion, The Times-Union reported. Brunell's failed real-estate investments also included projects in Traverse City, Mich., and Grand Rapids, Mich.
Beemnseven is offline   Reply With Quote
Old 06-28-2010, 10:50 AM   #33
Living Legend
Monkeydad's Avatar
Join Date: Mar 2006
Location: PA
Posts: 16,270
Re: Mark Brunell to file for Bankruptcy

Originally Posted by Beemnseven View Post
From the article:
Michigan's economy is VERY bad too, likely second-worst to only California.
Not sent from a Droid, iPhone, Blackberry or toaster
Monkeydad is offline   Reply With Quote
Old 06-29-2010, 12:42 PM   #34
skinsfan_nn's Avatar
Join Date: Apr 2006
Location: Newport News,Virginia
Posts: 4,495
Re: Mark Brunell to file for Bankruptcy

24.7 LARGE, darn. Now thats just foolish.

Bankrupt former Jaguars quarterback Mark Brunell owes $24.7 million | jacksonville.com
"There's no greater feeling than moving a man from Point A to Point B, against his will." #68

skinsfan_nn is offline   Reply With Quote
Old 06-29-2010, 09:35 PM   #35
Special Teams
jgalecpa's Avatar
Join Date: Sep 2005
Posts: 458
Re: Mark Brunell to file for Bankruptcy

It does look like it is his personal bankruptcy:

Loan Guarantees Led To Brunellís Bankruptcy - Bankruptcy Beat - WSJ

"Brunell filed for Chapter 11 protection, meaning he intends to craft a plan to repay his creditors. Itís not clear if he intends to sell off any of his assets as part of that plan, but he did list some of his most valuable possessions in court papers.

Among those were his Super Bowl ring won in February, rings from his three appearances in the Rose Bowl as a member of the Washington Huskies and his National Championship ring."

He personally gauranteed the loans, which the big-pockets person in a deal is often asked to do. Many don't hesitate because 'What could go wrong?"
Theismann: You're wrong, the rule is wrong, the refs are wrong, and I'm right
jgalecpa is offline   Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 05:18 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.07447 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25