Friday, June 19, 2009
MIAMI (AP) — Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.
Kosar’s Chapter 11 filing today lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.
Kosar, a Boardman native, owes almost $1.5 million to the Cleveland Browns, the team he quarterbacked from 1985 to 1993.
Kosar also owes his ex-wife Babette $3 million and $725,000 to the owner of the Cleveland Gladiators team in 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.
In addition to the Browns, Kosar played for Dallas and Miami before retiring from the NFL in 1996. Kosar began his football career at Boardman High School.