Typically the funds pertaining to pro football is far more exciting than the sport itself. Consider the case of super-agent Leigh Steinberg, quite possibly the most well known-and certainly notorious-back room wheeler and dealer in the history of football.
The sports agent acquired star status when Cameron Crowe supposedly made him the basis for the Tom Cruise movie Jerry Maguire. However, a sequence of difficulties both private and public led him to ultimately file Chapter 7 bankruptcy with a bankruptcy lawyer.
Steinberg was in law school when a young Steve Bartkowski asked him to represent the college football player as an agent. Bartkowski proceeded to become a quarterback for the Atlanta Falcons, becoming on the list of Falcons? best quarterbacks, as well as all-time leader in touchdowns and passing yards. In the meantime, Steinberg passed the bar, eventually applying his newfound sports agent expertise into Steinberg, Moorad & Dunn.
From that point on, it was nonstop, high-dollar deal-making. After Jerry Maguire, Leigh Steinberg has become one of the only NFL legends never to have played or worked directly to the NFL.
Nonetheless, problems hit in 2003. One of Steinberg?s players apparently had taken a $300,000 loan in violation of National Football League policy. The ball player quit and joined a competitor company. Steinberg prosecuted, and won. However, Leigh was decertified by the National football league. Lawsuits accumulated. Behind closed doors, the agent?s marital relationship fell apart, while Steinberg battled alcoholism.
With Steinberg?s judgment compromised, financial debt and litigation continued to mount up. Steinberg got in touch with a bankruptcy attorney, and in the end made a decision to file Chapter 7. Steinberg openly declared himself alcohol free recently, and said he wants to do everything he can to correct the mistakes he brought on during this sad part of his life.
The Steinberg case is a exciting tale example of aspiration, Nfl politics, alcoholism, and sobriety. Steinberg?s tale may, certainly, produce substance a lot more captivating in comparison to the movie Jerry Maguire. It can also be a case study in the numerous factors that contribute to someone eventually retaining a bankruptcy attorney: the deceitful lapse of an employee, good sense weakened by addiction, business rivalry that gets overtly bitter.
No individual wants to file for Chapter 7 personal bankruptcy. Nonetheless, as the curious case of Leigh Steinberg exhibits, many times financial debt becomes unmanageable, individuals turn out to be financially troubled, and a bankruptcy lawyer should be called. If you wish to talk with a legal representative in Nassau or Suffolk Counties concerning your personal debt situation make sure to retain the services of a skilled legal professional. You are going to obtain expert advice from one the premiere lawyers.
Looking for a Long Island bankruptcy attorney? Contact one today to learn more about filing for bankruptcy.
Source: http://bankruptcy.financenewstoday.com/nfl-icon-leigh-steinberg-files-for-chapter-7/
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