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Old 01-29-2008, 03:18 AM
jasonkidd05 jasonkidd05 is offline
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Andre Rison Faces Bankruptcy

Former NFL receiver Andre Rison is facing a court-ordered Chapter 11 bankruptcy to pay more than $105,000 in back child support and other claims, the Associated Press reports.
The 40-year-old Rison was a 1989 first-round draft pick who played 12 years for the Colts, Falcons, Browns, Packers, Jaguars, Chiefs, and Raiders and made five Pro Bowls, but his personal life usually overshadowed his on-field success. He is probably best known for having his mansion torched by his then-girlfriend, Lisa "Left Eye" Lopes of the musical group TLC.
The AP reports that a bankruptcy court petition shows that Rison owes child support, attorney fees, and court administrative costs. His ex-wife, Tonja Rison, is listed as one of the creditors, with a claim for more than $58,000 in child support. An Atlanta law office is claiming $46,000 in unpaid legal fees for seeking child support from Rison for two children by a girlfriend. Even the Genesee County friend of the court is getting in on the action, requesting $400 in administrative fees.
Rison made several million dollars in his NFL career, including a $5 million signing bonus from the Browns in 1995. Neither Rison nor his attorney have commented publicly on the bankruptcy order.

How can you waste several millions of dollars and have to file bankruptcy, thats freakin crazy, guy sees money most people wont see in their lifetime and he goes broke..
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Old 01-29-2008, 04:26 AM
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Re: Andre Rison Faces Bankruptcy

How can you waste millions? That's a great question, but time after time, athletes seem to find a way. Bad investments, addictions, you name it.
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Old 01-31-2008, 02:12 PM
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Re: Andre Rison Faces Bankruptcy

Quote:
Originally Posted by Lefty Noob View Post
How can you waste millions? That's a great question, but time after time, athletes seem to find a way. Bad investments, addictions, you name it.
I don't know how, but I would love to be in the position to try.
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Old 01-31-2008, 02:14 PM
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Re: Andre Rison Faces Bankruptcy

Quote:
Originally Posted by Lefty Noob View Post
How can you waste millions? That's a great question, but time after time, athletes seem to find a way. Bad investments, addictions, you name it.
You forgot to of my personal favorites...stupidity and greed...
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Old 01-31-2008, 03:09 PM
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Re: Andre Rison Faces Bankruptcy

When you're on top (and young), you never think about saving for your later years. People tend to think they are invincible and will never get old...the money will always be there. Well, I don't know much about Rison but pro athletes have a ton of baggage potentially. It takes a person with a great head on their shoulders and a solid foundation (family, friends, upbringing) to keep their head above water.
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Old 01-31-2008, 03:37 PM
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Re: Andre Rison Faces Bankruptcy

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Originally Posted by EmpireWF View Post
When you're on top (and young), you never think about saving for your later years. People tend to think they are invincible and will never get old...the money will always be there. Well, I don't know much about Rison but pro athletes have a ton of baggage potentially. It takes a person with a great head on their shoulders and a solid foundation (family, friends, upbringing) to keep their head above water.
Why? They have the same problems as anyone esle, if they happen to act like idiots on top of that, how are they any different then say someone who ran up a credit card debt or is defaulting on a mortgage now because they were foolish?
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Old 01-31-2008, 03:46 PM
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Re: Andre Rison Faces Bankruptcy

Not to mention that, sometimes when you're famous, there's a lot of hands going for the cookie jar, and it's hard to say no.
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Old 01-31-2008, 04:46 PM
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Re: Andre Rison Faces Bankruptcy

Exactly lefty.

GDK, if you're broke with debt, you're not going to get people coming out of the woodworks with "great investment" opportunities and whatnot.
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