Dermontti Dawson files for Chapter 7 Bankruptcy

This week, it is reported that former Pittsburg Steelers All-Pro center Dermontti Dawson filed for chapter 7 bankruptcy.  Dawson filed his petition with the U.S. Bankruptcy Court in Lexington, Kentucky.

According to his bankruptcy paperwork, Dawson listed assets of $1.4 million and liabilities of $69.7 million.  He stated that his monthly income is $17,972, but his monthly expenses are $19,635.

Many of Dawson's liabilities seem to have stemmed from failed real estate ventures.  He said, "Unfortunately, my personal guaranty exposure on the debts of numerous real estate interests has led to the Chapter 7 filing."  Dawson also stated that he wished things had turned out differently and that he looked forward to continuing his contribution to his community.

At one point, Dawson was the highest-paid offensive lineman in all of Steelers' history.  His average annual salary was $4.2 million.

Are you planning to file for chapter 7 in San Antonio?  If so, the Malaise Law Firm is here to help.  Contact us today to speak with a San Antonio bankruptcy lawyer.