Adrian Peterson Ordered to Surrender Assets Over $12M Debt

Texas judge orders asset surrender to address ballooning debt
By Newser.AI Read our AI policy
Posted Sep 11, 2024 1:15 AM CDT
Adrian Peterson Ordered to Surrender Assets Over $12M Debt
Seattle Seahawks running back Adrian Peterson looks on during player arrivals before an NFL football game against the Houston Texans, Dec. 12, 2021, in Houston.   (AP Photo/Matt Patterson, File)

Former NFL star Adrian Peterson has been ordered by a Texas judge to surrender personal assets to settle a debt that has soared to over $12 million. Peterson's financial troubles stem from a $5.2 million loan he defaulted on, which accrued considerable interest and fees. Court-appointed receiver Robert Berleth requested constables to accompany him to Peterson's Missouri City home to catalogue saleable assets.

In a court filing, Berleth emphasized the need for constable accompaniment "to keep the peace and prevent interference with the receiver's duties." The presiding judge approved this request on Monday. Peterson's legal team has not commented on the recent order or the ongoing legal proceedings.

In February, Peterson's attorneys tried to block Berleth from auctioning items from storage units, which included Peterson's 2007 NFL "Rookie of the Year" trophy. A judge later halted the sale of these items. Peterson, who had a stellar career with the Minnesota Vikings, earning seven Pro Bowl selections and the 2012 NFL MVP title, played for six other teams before retiring. (This story was generated by Newser's AI chatbot. Source: the AP)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X