Super Bowl champion wide receiver Rashee Rice files for Chapter 7 bankruptcy, reports $3.45 million in debt
Fox News • • sports
Key Points:
- Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy, reporting over $3.45 million in debt, with $2.1 million stemming from lawsuits related to a 2024 high-speed crash and an assault allegation by an ex-girlfriend.
- Rice listed his Super Bowl LVIII ring, valued at $160,000, as collateral in ongoing civil litigation, and disputes some debts connected to the pending lawsuits.
- The bankruptcy filing shows Rice has $677,054 in personal assets, including deferred compensation, but owes nearly $980,000 to a creditor from a 2025 civil settlement tied to the crash.
- Rice, who signed a four-year, $6.5 million contract with the Chiefs, has been limited to five games this season due to injury, recording 20 receptions for 243 yards and two touchdowns.
- Chapter 7 bankruptcy allows individuals unable to pay debts to liquidate non-exempt property to satisfy creditors, which Rice has opted to pursue amid his financial and legal challenges.
