Former NFL QB Vince Young Files For Bankruptcy

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...

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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.

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Lawyers in December said a settlement had been reached in the Peoples case, but that agreement has not been finalized.

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"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."

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And the dude is only 30 years-old.