Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

Getting out of debt: Athletes who have used bankruptcy protection

We like to blog about celebrities who have used bankruptcy to get out of tough debt situations. We think it's important to remember that we all face hardships and make mistakes in our lives.

Recent news stories have shown us numerous actors, musicians, business people and politicians who have found themselves in need of legal debt relief. But countless professional athletes have filed for bankruptcy, too, and we can learn from them. 

Great athletes who experienced big debt problems

How Stuff Works article highlights 10 sports figures who filed for bankruptcy protection:

  • While legendary heavyweight boxer Mike Tyson's financial woes are well known, his contemporary and six-time champ Evander Holyfield declared bankruptcy after splurging on a mansion with 17 bathrooms and incurring considerable child support debt.
  • Figure skating great Dorothy Hamill, who endured financial and personal struggles, filed for bankruptcy in 1994.
  • Marion Jones, the great U.S. sprinter, was ousted from track and field for her role in a doping scandal and subsequently lost everything.
  • Swedish tennis player Bjorn Borg, who won numerous Grand Slam events during his heyday in the 1970s, overspent his way to bankruptcy but bounced back with an eponymous clothing line.
  • Baseball players Lenny Dkystra and Gaylord Perry and iconic football quarterbacks Johnny Unitas and Bernie Kosar seemed to have made problematic business investments.
  • WNBA star Sheryl Swoopes was able to escape debt with a 2004 bankruptcy filing.

Get the help you need

For many people who find themselves in financial trouble after a divorce, a job loss, a business difficulty, a medical problem or another serious setback, the prospect of being able to get rid of debt in bankruptcy is exciting, while worries about protecting assets can be challenging. Since every situation is different, it's important to seek advice from a professional who understands the laws and procedures associated with bankruptcy in Tennessee. 

No Comments

Leave a comment
Comment Information

We Look At Your Case From Every Angle To Find The Solution That Is Right For You

Bankruptcy help for everyone, from the most simple to the most complex cases.

Call Us Now To Schedule A Free Initial Consultation

Contact our Nashville office at 615-686-2279 or our Cookeville office at 931-400-2218. You can also reach us via email to set up a time to talk to us about your debts.

Get Legal Help Now

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map

Back To Top