Kosar files for Chapter 11

[rpannier]

MIAMI -- Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.

Kosar's Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.

Kosar owes almost $1.5 million in "unsecured debt" to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.

The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business.

link:
http://sports.espn.go.com/nfl/news/story?id=4272998

I feel badly for anyone who files for bankruptcy
I feel less badly for a millionaire, than I do for someone making 15 bucks an hour
I could be a terrible person and point out that Kosar campaigned for the Bush's

[Auggie]

1. He still has assets of over $1 million -- lot more than me.

For a supposedly "smart" guy he must have made some really dumb decisions, including campaigning for * .

[trumad]

2. I loved Bernie when he was a Hurricane...

but he turned into a Bush loving Douche the last decade.

[two gun sid]

4. Yep...

great 'Canes QB but now a repug asshole. Damn shame, really.

[zbdent]

3. Been a Repug ... about the only endorsement of a Dem was when Joe Cimperman

was trying to get Kucinich ousted in the Dem Primary ...

Another Repug failure ... I thought that Repugs were supposed to be great businessmen ...