Ex-Raven Jamal Lewis files for bankruptcy with $14.5 million in assets
ASSOCIATED PRESS June 6, 2012 4:08PM
Updated: June 6, 2012 4:12PM
ATLANTA — A bankruptcy court hearing in Atlanta for former Baltimore Ravens running back Jamal Lewis has been delayed.
Lewis filed for bankruptcy in April, listing $14.5 million in assets and $10.6 million in debts. The 32-year-old retired in 2009 after nine seasons with the Ravens and Cleveland Browns, during which he made about $30 million. His off-the-field investments have included trucking, hotels, theme parks and resort projects.
Here are some highlights from court documents:
--Lewis now makes $35,000 per month and spends all but $950 of it.
--Records show Lewis has five homes in Atlanta with mortgage costs—minus taxes and insurance—of $6,000.
--Lewis drives four autos: 2005 Ford F-650 valued at $150,000; 2009 Mercedes CL63 valued at $80,950; 2008 Mercedes GL550 valued at $47,400 and a leased 2010 Porsche Panamera.
--Lewis has a 47-foot powerboat worth about $200,000
The case’s trustee had filed a motion seeking to convert the case to a Chapter 7 filing, where the trustee can sell off assets. At a hearing Tuesday, the trustee asked that another hearing be scheduled following a creditors’ meeting in June. A new hearing was set for July 10.
Lewis is also one of several ex-NFL players who have sued the league in federal court in Atlanta over concussion injuries.