Jamal Lewis Declares Bankruptcy

Former Ravens star running back Jamal Lewis has filed for chapter 11 bankruptcy according to a report on TMZ.

Lewis filed his papers in Atlanta and according to the documents he has $14,455,854 in assetts and $10,566,764.18 in debts.  You may be asking, “how does that happen to a guy that made $41.5 million during his NFL career”?

Well, Lewis owns five homes, “a bunch of expensive cars” and is 50 percent owner of  Fort Rapids Indoor Waterpark in Columbus, Ohio.

Lewis still makes an annual salary of $420,000, but that’s just not enough for his pricy taste.

This is certainly a sad story about a guy that helped lead the Ravens to their first Super Bowl victory in 2001.

Zach Wilt is the Founding Editor of BaltimoreSportsReport.com and host of the BSR Podcast. He's a loyal Orioles, Ravens and Capitals fan who is obsessed with baseball, loves traveling, In-N-Out Burger and Walt Disney World.

5 Comments

  1. spy

    May 28, 2012 at 10:17 am

    My question is how can a man who has four million dollars more than his debts declare bankruptcy ?

  2. Nick

    May 28, 2012 at 3:09 pm

    I have no idea, but maybe because it’s not liquid assets. Filing for bankruptcy would allow him to sell off stuff and restructure his debt to pay it off?

  3. 9inchnails

    May 29, 2012 at 11:27 am

    Spy,

    You know all about ASSets, don’t you?

    • spy

      May 30, 2012 at 9:25 am

      And I also know about liabilities , of which you are one………

  4. 9inchnails

    May 29, 2012 at 7:31 pm

    How much is a gram of coke these days?