Vince Young files for bankruptcy

Discussion in 'Audio Emcee Hook Ups' started by Definit, Jan 22, 2014.

  1. Definit

    Definit Based.

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    http://www.sportingnews.com/nfl/sto...lockout-loan-pro-player-funding-peoples-adams


    Vince Young tried to make his way back into the NFL this year and almost did with the Green Bay Packers. But in the end, he was left unemployed—a financial bind that made his money troubles worse and has forced him to finally file for Chapter 11 bankruptcy.

    The Houston Chronicle reports that the attorney for the former University of Texas and NFL quarterback filed the petition last week in federal bankruptcy court. Young’s assets were estimated between $500,001 and $1 million, and estimated liabilities fell between $1,001,000 and $10 million.

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    Texas QB Vince Young scores in the BCS championship game against USC. (AP Photo)
    Young’s financial hardships seemed to really hit during the 2011 NFL lockout. He has been involved in two lawsuits related to a $1.8 million loan he obtained during that period. The loan came from Pro Player Funding, based in New York, and a New York state court granted judgment against Young to the company. Including interest, the amount owed is more than $2.5 million, according to an attorney for the company.

    Attempts to collect the money have all failed.

    Young filed a lawsuit against a group that includes his former financial adviser, Ronnie Peoples of Raleigh, N.C., and his former agent, Major Adams II, the Chronicle reports. It’s Young’s contention that they conspired with Pro Player Funding to obtain the loan and that Young never received the money.

    Documents in that case lists Young with assets of $1.8 million and liabilities of $2.5 million—the money reflected in the Pro Player loan. His assets also included five cars, his home, NFL annuity, retirement funds and jewelry.
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  2. Bad Dude

    Bad Dude Are you bad enough?

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    i remember that loan shark company going after athletes during the lockout

    it just wasnt no way he was gonna pay that

    i feel bad for the homey
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  3. enef

    enef voting against DZK in every round.

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    i dont feel bad for anyone who mismanages their money.

    fuck em. wasted talent and a giant idiot to boot.
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  4. Screech

    Screech I came, I saw, I conquere

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    Lmao at Urb.


    Vince Young spent $300k on his birthday party roughly a year ago.



    Sent from my iPhone using Tapatalk.
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  5. quotive

    quotive 3

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    i wonder what leinhart money lookin like
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  6. Rex Skully

    Rex Skully .......

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    They said dude was spending like $5K a week at Applebee's ... How is that even possible
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  7. Bad Dude

    Bad Dude Are you bad enough?

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    true @enef

    i guess he shoulda took a page out your book and bunked up with 4 other men
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  8. J o o k

    J o o k Win your battles before they’ve even been fought.

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    They also said he bought all the seats on a commercial flight so no one would sit around him :funny:
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  9. Mr. Truth

    Mr. Truth Well-Known Member

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    Vince Young is notorious for mismanaging his money

    dude was an asshat too, which is why he didnt get another shot

    maybe he can go the tebow route and be an analyst
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  10. Mr. Truth

    Mr. Truth Well-Known Member

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    Pro player funding is a shady ass company though.

    it was the players who took the loan though so whatever
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  11. SirSpanksAlot

    SirSpanksAlot Well-Known Member

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    Lmao. Vincent young the type of nigga to buy out every single shoe of the style he wearing so other niggas won't have it

    sent from the land of free tapatalk
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  12. Detroit

    Detroit The d is silent

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    Lmaooooo

    Vince young is terrible man smh
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  13. enef

    enef voting against DZK in every round.

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    Thats funny. Talk to me when you pay property taxes.

    We should compare 401k's

    You would look like Vince Young.
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  14. Bad Dude

    Bad Dude Are you bad enough?

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    One post of my bank account and you won't post in this thread again I promise you. Fuck a 401k

    Sent from my HTC One using Tapatalk
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  15. Detroit

    Detroit The d is silent

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    :luxthinkboutit:
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  16. enef

    enef voting against DZK in every round.

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    Thats adorable, you even got H20 cheering you on.

    You made it now.
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  17. Smouble ML

    Smouble ML 90% In NFL Playoff Predictions

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    Less talk and make it happen.

    Yall BOTH just called each others bluff so go head..
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  18. double ML

    double ML plekz = wannabe thought police

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    ^^i have to agree with the angry but overwhelmingly harmless midget enef on this
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