Former Ravens running back Jamal Lewis has encountered a few financial woes, forcing him to auction off his Georgia home to help pay off a $10.5 million debt.
Former NFL star Jamal Lewis has had his Georgia home sold off at public auction in an effort to pay off his massive 10.5 million debt he owes, theJasmineBRAND.com has exclusively learned.
The 43-year-old ex Baltimore Ravens star filed for Chapter 11 bankruptcy in 2012, claiming his finances were in shambles with 10.5 million owed to various creditors.
Lewis filed the case seeking a payment plan to reorganize his debts, claiming he still had millions in assets. The assets included 5 homes, numerous expensive cars, ownership in a Ohio Waterpark and over 500k in his retirement savings. His filing noted that he still made 35k a month in income from being self-employed.
Then on June 17th, Lewis was hit with another unfortunate blow in his bankruptcy case. The trustee in the case filed docs stating that the ex-NFL star’s Sandy Springs, Georgia pad was sold off to the highest bidder for 305k.
Lewis purchased the pad back in 2004 for a total of $326,900. The 5 beds, 3 baths, 2,376 sqft townhouse was located in a gated community.
Lewis still has four other homes for now but those could also be auctioned off in the near future.