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Warren Sapp Files Chapter 7 Bankruptcy!

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Theballerlife.com was just notified that former NFL star turned football analyst Warren Sapp has just filed for Chapter 7 Bankruptcy in Florida … claiming he owes millions of dollars in debts.

Get all the details below…

Our friends over at TMZ reports:

“Sapp — who played in the NFL for 12 years — just filed for Chapter 7 Bankruptcy in Florida … and in the papers he gives a full rundown of his dire financial situation.

According to the docs, Sapp owes more than $6.7 million to various creditors … including hundreds of thousands of dollars in child support payments and alimony to at least 4 different baby mamas.

Among the debts, Sapp says he owes $853k to the IRS for 2006 and another $89k for 2010. Sapp says he also owes $2,858 in medical bills for “Corrective Speech and Language Therapy.”

Sapp says he only has $6.45 million to his name … and lists all of his assets in the documents … which include:

— 240 pairs of Jordan sneakers and sandals
— Large N*de women painting
— Lion skin rug (female – lioness)
— Nike golf clubs
— De Grisogono watch (scratch on crystal, nicks and scratches on band)
— A boxing glove signed by Muhammad Ali

But most interestingly, Sapp notes he has LOST two of his most treasured and valuable possessions — the 2002 Super Bowl ring he won with the Tampa Bay Bucs and the 1999 National Championship ring he won with the Miami Hurricanes.

In the docs, Sapp also lists his current salary as an analyst for the NFL Network as $45k per month … $540k per year. Sapp says his deal with the NFL Network expires in August and he’s not sure if the network will extend his deal.

Side note:
We sure hope Sapp can get his finances under control. Hopefully, the NFL Network will renew his contract.

Photo Credit: Foxsports.com
Story Courtesy of TMZ
2nd Photo Credit: AP

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