Kosar files for Chapter 11
MIAMI -- Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.
Kosar's Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.
Kosar owes almost $1.5 million in "unsecured debt" to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.
The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business.
Kosar, who also played for Dallas and Miami, retired from the NFL in 1996.
Copyright 2009 by The Associated Press
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