Former NFL quarterback Bernie Kosar has filed for bankruptcy, listing debts to the IRS and Broward County, Fla., along with debts arising from the collapse of the Florida real estate market.
In the Chapter 11 bankruptcy filing he submitted to a Miami court, Kosar listed assets of between $1 million and $10 million, but with liabilities ranging from $10 million and $50 million. Kosar owed nearly $1.5 million to his old team, the Cleveland Browns, for which he quarterbacked from 1985 to 1993. He later played for the Miami Dolphins and the Dallas Cowboys before retiring from the NFL in 1996. Afterward, he was part owner of the Florida Panthers hockey team and the Cleveland Gladiators arena football team. He became president and CEO of the Gladiators in 2007.
Among his IRS income tax debts are $231,094 for 1996 and $96,333 for 2000, both of which he lists as disputed. Kosars filing also lists tax debts owed to the Broward County Tax Collector in the amount of $59,8881 for 2007 and $55,983 for 2008.
Last summer, Kosar claimed to have paid off a $228,806 tax lien to the IRS for unpaid 2006 taxes (see Former QB Bernie Kosar Pays $228,806 Tax Lien).
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