Antonio Brown Faces Bankruptcy Setback After Allegedly Failing To List Property Transfers, Social Media Assets, & Submitting ‘Contradictory’ Financial Reports
Antonio Brown Faces Bankruptcy Setback After Allegedly Failing To List Property Transfers, Social Media Assets, & Submitting ‘Contradictory’ Financial Reports
Antonio Brown’s bankruptcy may be in jeopardy after the ex-NFL star was accused of failing to disclose several assets in court.
According to documents obtained by In Touch, the trustee presiding over his Chapter 11 case objected to his proposed repayment plan, citing a lack of transparency.
The trustee claims Antonio, 36, didn’t disclose the transfer of three properties before filing for bankruptcy, nor did he report his ownership of multiple social media handles, which could be estate assets. They also point out discrepancies in his financial disclosures, writing:
“[Antonio] stated his gross monthly income was $39,166.67 with monthly expenses of $27,868.09, but his operating reports only show a single $200 deposit in June 2024 and two $15 debits in July 2024 and August 2024. There is no explanation provided in the operating reports where the additional $195,663.35 of income was deposited or spent, and there is no detail for the purported $139,310.45 of expenses stated on [Antonio’s] schedules.”
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They continue:
“It is impossible to determine which, if any, of the documents filed by [Antonio] honestly depict [Antonio’s] financial status…[Antonio’s] failure to disclose transactions and report accurate financials evidence that [Antonio] did not propose the Plan in good faith and necessitates denial of confirmation.”
Antonio, who listed liabilities over $3 million in his May bankruptcy filing, has yet to respond to the allegations. He is also facing a lawsuit from jeweler Zul Nantambu, who claims Antonio never returned high-value items despite a court judgment.
Do you think Antonio will be successful in his bankruptcy attempt? Let us know in the comments!