Retired former Pittsburgh Steelers All-Pro center Dermontti Dawson filed for Chapter 7 bankruptcy this week in U.S. Bankruptcy Court in Lexington, Ky.
Per the Lexington Herald-Leader, Dawson has assets of $1.417,891 million with liabilities of $69.659 million. He lists a monthly income as $17,972 and expenses of $19,635.18. Like bankrupt former Jacksonville Jaguars quarterback Mark Brunell, Dawson's debts are primarily linked to failed real estate ventures.
"Unfortunately, my personal guaranty exposure on the debts of numerous real estate interests has led to the Chapter 7 filing," Dawson said. "Today's real estate market and economic conditions, plus the fact that I own non-controlling minority interests in the entities which own the real estate, left me with limited options. I certainly wish things had turned out differently and look forward to continuing my contributions to this community."
Dawson made it to seven Pro Bowls in 13 seasons with the Steelers before retiring from the NFL in 2001. He was a finalist for the Pro Football Hall of Fame last year and this year. He was once the highest-paid offensive lineman in Steelers history with an average salary of $4.2 million per year. For further information, contact your Fayette County Bankruptcy Attorney.
http://www.nationalfootballpost.com/Dermontti-Dawson-files-for-bankruptcy.html
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