Former University of Texas and NFL QB Vince Young has been involved in a pair of lawsuits stemming from financial issues that went down during the 2011 NFL lockout, has filed for Chapter 11 bankruptcy protection. According to the Houston Chronicle
Attorney Brian Kilmer of Houston filed the petition last week in a Houston federal bankruptcy court on Young’s behalf, listing Young with estimated assets between $500,001 and $1 million and liabilities between $1,001,000 and $10 million. No specific details on Young’s assets and liabilities were immediately available.
Lawyers in December said a settlement had been reached in the Peoples case, but that agreement has not been finalized.
"Documents filed in the Peoples case include a financial statement as of July 2013 that listed Young and his wife, Candice, with assets totaling $1.8 million and liabilities totaling $2.5 million, including the New York state judgment. Young’s assets included five cars, his home, NFL annuity and 401(k) funds and jewelry valued at about $200,000."
And the dude is only 30 years-old.