O.J. Simpson’s Estate Reportedly Scramble To Liquidate Assets Amid Massive Debt & Tax Liens

O.J. Simpson’s Estate Reportedly Scramble To Liquidate Assets Amid Massive Debt & Tax Liens

O.J. Simpson’s estate is scrambling to pay off massive debts, and the executor is turning every stone to raise funds.

Malcolm LaVergne, who has transitioned from being O.J. Simpson’s longtime attorney to managing his probate estate after Simpson’s death last April, is reportedly seeking to liquidate assets to address substantial financial obligations.

O.J. Simpson

Malcolm LaVergne is focusing on one of O.J. Simpson’s homes, aiming to recover more than $269,000, and may involve Simpson’s son, Justin, in the process.

Justin Simpson

Justin Simpson, whose mother is Nicole Brown Simpson, was instrumental in acquiring the Las Vegas property, and the estate believes both the equity and the invested amount are owed to them.

The $269,000 from the home is a small fraction of what the estate owes. Simpson’s financial troubles include a staggering $33.5 million judgment from a 1997 wrongful death lawsuit involving the families of Nicole Brown Simpson and Ron Goldman. Although Simpson was acquitted of murder charges, he was found liable in a civil court. The original judgment has reportedly escalated to around $100 million with accrued interest.

Ron Goldman, Nicole Brown

Additionally, the estate is burdened with a recent $500,000 tax lien from the State of California.

Malcolm LaVergne is also reportedly trying to recover Simpson’s Pro Football Hall of Fame ring and Rolex watch, which he claims have been missing since O.J.’s death, and is pursuing court approval to auction off Simpson’s memorabilia to further address the estate’s debts, as previously reported by theJasmineBrand in June.

With the estate indebted to the IRS, the California Tax Board, and the Goldmans, the road ahead is undoubtedly an uphill battle.

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