Football Warren Sapp files bankruptcy

Mr. Laz · 04-06-2012, 04:11 PM

Sapp files bankruptcy

Posted by Mike Florio on April 6, 2012, 5:40 PM EDT

Getty Images
Well, if former Saints tight end Jeremy Shockey is going to sue Warren Sapp, he’d better get in line with the rest of Sapp’s creditors.

Sapp, a likely future Hall of Famer, has declared bankruptcy in Florida, according to TMZ.com.

He has filed under Chapter 7, which will result in full liquidation of his $6.45 million in assets (including a “Large Nude women painting” . . . it’s unclear whether the painting or the women are large) to pay his $6.7 million in debts.

According to the filing, Sapp owes the IRS more than $900,000, and hundreds of thousands of dollars in child support.

He lists his current income as $45,000 per month from NFL Network, on a contract that expires in August 2012. (He also has worked for Showtime’s Inside the NFL. It’s unknown whether he’ll continue that assignment in 2012.)

Sapp, who spent 12 years in the NFL with the Buccaneers and Raiders, also claims that he has lost his Super Bowl ring.

04-06-2012, 04:11 PM	Topic Starter
Mr. Laz Don't Tease Me Join Date: Dec 2000 Location: KS Casino cash: $11047037	Warren Sapp files bankruptcy Sapp files bankruptcy Posted by Mike Florio on April 6, 2012, 5:40 PM EDT Getty Images Well, if former Saints tight end Jeremy Shockey is going to sue Warren Sapp, he’d better get in line with the rest of Sapp’s creditors. Sapp, a likely future Hall of Famer, has declared bankruptcy in Florida, according to TMZ.com. He has filed under Chapter 7, which will result in full liquidation of his $6.45 million in assets (including a “Large Nude women painting” . . . it’s unclear whether the painting or the women are large) to pay his $6.7 million in debts. According to the filing, Sapp owes the IRS more than $900,000, and hundreds of thousands of dollars in child support. He lists his current income as $45,000 per month from NFL Network, on a contract that expires in August 2012. (He also has worked for Showtime’s Inside the NFL. It’s unknown whether he’ll continue that assignment in 2012.) Sapp, who spent 12 years in the NFL with the Buccaneers and Raiders, also claims that he has lost his Super Bowl ring.
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