Recently, sports agent Lee Steinberg filed for Chapter 7 bankruptcy. The agent is famous for representing top athletes like Troy Aikmen and inspiring the 1996 film “Jerry Maguire” and its main character.
Steinberg currently owes $1.4 million in a lease for a property in Newport Beach. The Chapter 7 bankruptcy filing lists total debts between $1 and $5 million, and only one asset of $475,000 in stock.
The sports agent said he accumulated debt while he was in rehab to recover from an alcohol addiction, and his business suffered as a result of these debts. Steinberg says he has been sober since 2010.
Contact the Milwaukee Chapter 7 bankruptcy lawyers of DeLadurantey Law Office, LLC at 414-377-0518, if you are considering filing for bankruptcy and would like to learn more about your options.