Ricky Williams filing Bankruptcy?

[The Spaz]

Dolphins | Williams May File for Bankruptcy - from www.KFFL.com
Mon, 30 Aug 2004 23:24:08 -0700

Alex Marvez, of the Sun-Sentinel, citing an ESPN report, reports former Miami Dolphins RB Ricky Williams may file bankruptcy in hope of avoiding repaying the Dolphins $8.6 million the team is trying to recoup from him due to his retirement. The Dolphins sent Williams a letter that he needed to report by Monday, Aug. 30, or they would begin the process of recouping the money. Williams, of course, did not report to the team.

OMFG if this is true Ricky Williams really is a scumbag. I hate the Dolphins as much as anyone but come on...lol.

[W]

Dolphins | Williams May File for Bankruptcy - from [url]

if this is true Ricky Williams really is a scumbag. :

It took this for you to come to that conclusion

[RedEyE]

Come on. Can he really do that? That system needs to be revamped if so.

[FTG]

Come on. Can he really do that? That system needs to be revamped if so.

it looks like he can. I agree, the system needs to be fixed.

[Bling]

damn, he officially became one of the weirdest people in history.

[Marino13Phins]

damn, he officially became one of the weirdest people in history.

Became? Hell no.. he has been.

[Crisis]

I find this sickenly amusing.

[Marino13Phins]

I find this sickenly amusing.

I don't.

[Wolffman]

Don't you actually have to be bankrupt to file for bankrupcy?

[BillsRockSOMUCH]

Don't you actually have to be bankrupt to file for bankrupcy?

You need to be backrupt or a millionaire.

[Drive 4 Five]

I say screw Ricky Lake er...Williams and screw the Phish. I can always find time to revel in the Phins misery.

[SABURZFAN]

how will this affect him coming back to the NFL if he attempts to do so?i'd be wary to sign this guy.

[Ebenezer]

Don't you actually have to be bankrupt to file for bankrupcy?

no, I believe that your debts must outweight your assets and you have to show that you have no reasonable way to pay back your debts.

[don137]

Eb is right. Throw in all his debts with an 8 million dollar payback and his debts very well could outweigh his assets. Maybe he spent all his money on some real good smokey smokey
Not sure it would work regarding taxes. He may of received all that money in bonuses but Uncle Sam took a huge chunk of that in taxes. Throw in a lavish lifestyle and his habits and he could easily have more debt than assets. Then again most of america have more debt than assets...

[WagonCircler]

In case there was any doubt that this guy is a no-account dirtball, this should clear that up. He's really not much different from Mike Tyson.