Clinton Portis files for Bankruptcy

That Guy · 01-26-2016, 03:53 AM

a lot of those linemen aren't naturally chunky and are basically force feeding themselves. the ones that want to live past 60 do the smart thing and ditch the extra weight.

over the mountain · 01-26-2016, 09:38 AM

Quote:

Originally Posted by OmahaRedskins

He was on ESPN980 and explained what happened. It's a sad deal.

Yeah, I heard that radio segment as well.

1. He said he bought his mom a house paid in full. Then someone took out a mortgage/loan on it that he didnt even know about and the mortgage/loan defaulted. Czabe pressed him saying "how can you be responsible for a loan you didnt even sign or see?" ... portis said that is what he is fighting right now.

I am guessing only the people named on the home's title could take out a loan, im guessing his mom took out a loan on the house.

2. casino investment went wrong. apparently lots of star athletes on this deal but clinton was named as "primary" or something like that. he said he was the lead guy bc he was making money back then .... he is currently suing the investment dealer guy.

sad to see but not unexpected. money goes quick.

Chico23231 · 01-26-2016, 09:46 AM

Quote:

Originally Posted by over the mountain

Yeah, I heard that radio segment as well.

1. He said he bought his mom a house paid in full. Then someone took out a mortgage/loan on it that he didnt even know about and the mortgage/loan defaulted. Czabe pressed him saying "how can you be responsible for a loan you didnt even sign or see?" ... portis said that is what he is fighting right now.
I am guessing only the people named on the home's title could take out a loan, im guessing his mom took out a loan on the house.

2. casino investment went wrong. apparently lots of star athletes on this deal but clinton was named as "primary" or something like that. he said he was the lead guy bc he was making money back then .... he is currently suing the investment dealer guy.

sad to see but not unexpected. money goes quick.

The ultimate trifling move. This is why some people don't deserve shit. Probably went to the government for a handout modification afterwards.

metalskins · 02-10-2016, 02:05 PM

Mark Brunell also wound up filing for bankruptcy a few years back as well.

That Guy · 02-10-2016, 09:07 PM

brunell got suckered into a bad real estate investment scheme of some kind. he talked about it on 980 a while back, but i forget the details.

as for his mom's house, if he paid it in full and signed it over to her (bad move), then someone could trick her into signing a mortgage and the house could be taken without his signature or involvement, and he could be trying to fight it as predatory.

i don't really care enough to look into it.

SolidSnake84 · 02-11-2016, 07:39 PM

Quote:

Originally Posted by That Guy

brunell got suckered into a bad real estate investment scheme of some kind. he talked about it on 980 a while back, but i forget the details.

as for his mom's house, if he paid it in full and signed it over to her (bad move), then someone could trick her into signing a mortgage and the house could be taken without his signature or involvement, and he could be trying to fight it as predatory.

i don't really care enough to look into it.

Mark Brunell, Tony Boselli, and some other former NFL players were talked into buying a derelict strip mall near downtown Jacksonville with the intention of developing it, etc.. This was right before Jacksonville's famous "depression" where basically real estate became worthless and the city itself flirted with declaring bankruptcy.

Anyway, long story short, some of the other players defaulted on making their share of the mortgage payments, leaving Brunell to attempt paying the loan with his own funds. Keep in mind that the building was never developed, it was basically abandoned. Brunell did it for as long as he could, but eventually declared bankruptcy. It was his business that went bankrupt, not him. I understand that he got to keep his cars, houses, etc, it was just his company (that also owned a chain of whataburger locations) that went belly up.

That Guy · 02-12-2016, 08:16 PM

thanks for the info.

SolidSnake84 · 04-25-2016, 10:43 PM

Wanted to update those who cared about the Portis situation. He is now close to being evicted, and on official documents he listed that he has only $150.00 in his checking account. Even though I was not a big Portis fan, this is still sad.

Clinton Portis Close To Being Evicted; Owes $6500 In Back Rent, Only Has $150 In Checking Acct | Total Pro Sports

Irrefutable · 04-25-2016, 11:10 PM

I would think his teammates would take care of him. Does he have a job ?

NC_Skins · 04-26-2016, 12:54 AM

Quote:

Originally Posted by Irrefutable

I would think his teammates would take care of him. Does he have a job ?

Why would they do that when he made the type of money he did?

ForkLifter · 04-26-2016, 01:20 PM

Considering that certain debts are not dischargeable in bankruptcy (i.e. child support, federal tax liens), Clinton looks like he's going to have some difficulty moving forward. I'm sure he can get some relief in his custody case based on his new income, but the liens normally don't go away.

01-26-2016, 03:53 AM	#16
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: Clinton Portis files for Bankruptcy a lot of those linemen aren't naturally chunky and are basically force feeding themselves. the ones that want to live past 60 do the smart thing and ditch the extra weight.

02-10-2016, 02:05 PM	#19
metalskins The Starter Join Date: Jan 2016 Posts: 1,464	Re: Clinton Portis files for Bankruptcy Mark Brunell also wound up filing for bankruptcy a few years back as well. __________________ Reserved for a witty signature.

02-10-2016, 09:07 PM	#20
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: Clinton Portis files for Bankruptcy brunell got suckered into a bad real estate investment scheme of some kind. he talked about it on 980 a while back, but i forget the details. as for his mom's house, if he paid it in full and signed it over to her (bad move), then someone could trick her into signing a mortgage and the house could be taken without his signature or involvement, and he could be trying to fight it as predatory. i don't really care enough to look into it.

02-12-2016, 08:16 PM	#22
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: Clinton Portis files for Bankruptcy thanks for the info.

04-25-2016, 10:43 PM	#23
SolidSnake84 Playmaker Join Date: Oct 2009 Location: Stephens City, VA Posts: 2,953	Re: Clinton Portis files for Bankruptcy Wanted to update those who cared about the Portis situation. He is now close to being evicted, and on official documents he listed that he has only $150.00 in his checking account. Even though I was not a big Portis fan, this is still sad. Clinton Portis Close To Being Evicted; Owes $6500 In Back Rent, Only Has $150 In Checking Acct \| Total Pro Sports __________________ Time to nut up or shut up

04-25-2016, 11:10 PM	#24
Irrefutable The Starter Join Date: Feb 2014 Posts: 1,622	Re: Clinton Portis files for Bankruptcy I would think his teammates would take care of him. Does he have a job ?

04-26-2016, 01:20 PM	#26
ForkLifter Camp Scrub Join Date: Aug 2006 Location: Down by the river Age: 46 Posts: 40	Re: Clinton Portis files for Bankruptcy Considering that certain debts are not dischargeable in bankruptcy (i.e. child support, federal tax liens), Clinton looks like he's going to have some difficulty moving forward. I'm sure he can get some relief in his custody case based on his new income, but the liens normally don't go away.

Clinton Portis files for Bankruptcy

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