Former NFL star Antonio Brown is facing the potential dismissal of his bankruptcy case after being accused of failing to disclose key assets and financial information.
Brown initially filed for bankruptcy in May, listing liabilities exceeding $3 million despite earning over $80 million throughout his football career.
Jeweler Zul Nantambu also sued Antonio Brown as part of his bankruptcy proceedings.
Antonio Brown May Get Bankruptcy Case Dismissed
In recent developments, the court-appointed trustee overseeing Brown’s Chapter 11 case objected to his proposed repayment plan, citing multiple concerns. According to In Touch, the trustee stated, "[Antonio] has failed to disclose his pre-petition [transfer] of property and his interests in various entities, has not timely or adequately complied with debtor reporting requirements, and cannot establish that his Plan is feasible."
According to the filing, Brown is accused of failing to report the transfer of three properties before filing for bankruptcy. Additionally, the trustee claims Brown "appears to be the owner of multiple social media handles … which are estate assets that the debtor failed to disclose on his schedule."
One of these handles, Brown's X account, the social media platform formerly known as Twitter, allegedly includes a link to a website selling merchandise featuring his likeness, further raising questions about undisclosed revenue streams. The trustee also noted Brown’s failure to submit operating reports for September and October 2024, as required in the bankruptcy proceedings.
Furthermore, the filing points out that "several adversary proceedings remain pending against the Debtor concerning the dischargeability of debts."
Antonio Brown Outlines His Debts
In his filing, Brown outlined debts that included:
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$1.2 million owed from a civil lawsuit
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A potential six-figure debt to a jeweler
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$300,000 owed to a marketing firm
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$170,000 to a law firm
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$168,000 to American Express
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$100,000 in various other obligations
The trustee added, “[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. It is impossible to determine which, if any, of the documents filed by [Antonio] honestly depict [Antonio’s] financial status.”