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Jamal Lewis' bankruptcy includes five homes

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08:56 AM ET 05.27 | Retired NFL star Jamal Lewis -- who helped the Baltimore Ravens win the Super Bowl in 2001 -- has filed for bankruptcy, claiming he's a financial train wreck ... and can't pay his eight-figure debt. Jamal filed the Chapter 11 papers in Atlanta -- according to the docs, he's got $14,455,854 in assets but he's racked up a whopping $10,566,764.18 in debts. Among his creditors -- Bank Of America has a lien for $947,876, Benz has one for 113k, Chrysler for 15k ... and the list goes on. As for his assets -- Jamal's got five homes, a bunch of expensive cars, a $500,000 401(k), and 50% ownership in Fort Rapids Indoor Waterpark in Columbus, OH (worth about $6 mil).

TMZ

Jamal Lewis, Icon SMI Jamal Lewis, Icon SMI
May 27, 2012  09:02 AM ET

Sounds like he's ready to run a Wall Street brokerage house!

May 27, 2012  09:13 AM ET

Sell, sell, sell!

Comment #3 has been removed
Comment #4 has been removed
May 27, 2012  09:22 AM ET
QUOTE(#1):

Sounds like he's ready to run a Wall Street brokerage house!

Or an Airline. Heck, Romney and his group made a lot of moola doing the bankruptcy dance. Maybe he wants to run for public office?

May 27, 2012  10:33 AM ET

I refuse to feel sorry for someone who made millions and blew it all on stupid sheet.

May 27, 2012  10:39 AM ET

but he's racked up a whopping $10,566,764.18 in debts.


Holy hell.

May 27, 2012  10:39 AM ET
QUOTE(#6):

I refuse to feel sorry for someone who made millions and blew it all on stupid sheet.

He really needed that fifth house.

May 27, 2012  10:48 AM ET

What? $14M in assets, $10M in debt. Doesn't that balance to $4M in his column? Why bankruptcy? sell your crap, pay your debts, and still be worth more than 99% of us schmucks on these threads.

May 27, 2012  11:09 AM ET
QUOTE(#8):

He really needed that fifth house.

Why 5 houses. I don't get it unless he's got a woman stashed in every one. Now they can run up a bill :)

May 27, 2012  11:17 AM ET
QUOTE(#9):

What? $14M in assets, $10M in debt. Doesn't that balance to $4M in his column? Why bankruptcy? sell your crap, pay your debts, and still be worth more than 99% of us schmucks on these threads.

+1 It's just a cash flow problem.

May 27, 2012  11:22 AM ET
QUOTE(#6):

I refuse to feel sorry for someone who made millions and blew it all on stupid sheet.

Yep. First they squander their opportunity for an education, then they squander their opportunity for savings.

Idiots.

Comment #13 has been removed
May 27, 2012  11:56 AM ET

Cry me a freaking river. We should all be so poor. Besides 14 - 10 = 4. That's 4 as in $4 million. Shut up and pay up fool. Call me when your living in a box under the rail road tracks......On second thought don't bother.

May 27, 2012  11:58 AM ET
QUOTE(#9):

What? $14M in assets, $10M in debt. Doesn't that balance to $4M in his column? Why bankruptcy? sell your crap, pay your debts, and still be worth more than 99% of us schmucks on these threads.

If he's supposedly filing under chapter 11, doesn't that mean he can still keep the majority of his stuff and work out payment plans with his creditors? (I'm sure they'd be thrilled to do that when the guy isn't paying his bills right now).

May 27, 2012  12:02 PM ET
QUOTE(#14):

Cry me a freaking river. We should all be so poor. Besides 14 - 10 = 4. That's 4 as in $4 million. Shut up and pay up fool. Call me when your living in a box under the rail road tracks......On second thought don't bother.

Lewis is also supposedly self-employed with an annual income of $300K. The guy isn't exactly destitute.

May 27, 2012  12:33 PM ET

Biggest problem is the whole country counts like this. My own accountant included. I'm still amazed at the crap he considers real and amused at what he considers not of value, even after all these years. But hey, I'm trying to sell a piece of paper for $150K right now without any guarantees, and it seems to be generating quite a bit of interest. Go figure.

May 27, 2012  12:50 PM ET

Maybe the concussions were part of the problem. He bought five houses because he kept forgetting that he actually had a home already.

May 27, 2012  01:20 PM ET
QUOTE(#18):

Maybe the concussions were part of the problem. He bought five houses because he kept forgetting that he actually had a home already.

You just could be on to something here.

 
May 27, 2012  01:22 PM ET

Maybe he should have his address tattooed backwards on his forehead so the cabbie can read it.

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