Legendary NFL Defensive Lineman Filing For Bankruptcy
There is only one thing that could knock down former NFL defensive lineman Luther Elliss….bankruptcy. The two-time Pro Bowler has filed for Chapter 7 bankruptcy with his wife Rebecca.
Elliss is about to lose his million dollar home in Detroit after he has already lost a home in Utah. Luther started a financial downfall after his investment in Trinity Armor LLC deterioriated away when the company went out of business. Eliss and his wife have debts of over $4 million with assets of $1.4 million.
Luther and his wife have 11 children and are doing whatever they can to stay afloat.
January 21, 2010 | Filed Under Athletes in Trouble
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Luther Ellis did the commendable thing, he is short selling his home not walking away. He is a stellar guy who like many perhaps made decisions he could retract in hindsight. But if you are looking and qualify for a absolutely gorgeous steal of a deal,,,call me today! Again, he IS NOT walking away! Short sales make sense, walking away is when there is nothing to gain. Commendable man with a wonderful family! They deserve praise not sympathy for making a wonderful decision! Financial woes hit us no matter our status in life, and no matter what trappings we package ourselves in. False pride gets you no where, humility travels miles!