Vince Young Asks Dismissal of Bankruptcy Petition 2/1/14
HOUSTON — Former NFL and University of Texas quarterback Vince Young is asking for dismissal of his Chapter 11 bankruptcy petition.
The Houston Chronicle reports court papers show Young's attorneys have settled a legal dispute with a New York lender that had led Young to seek bankruptcy protection. The New York-based lender Pro Player Funding had a judgment with interest against Young of about $2.5 million stemming from a loan taken in his name during the 2011 NFL lockout.
The court motion seeking dismissal of the bankruptcy case doesn't reveal the terms of the settlement between Young and Pro Player Funding.
Young's January 17th bankruptcy petition estimated assets between $500,001 and $1 million and liabilities between $1,001,000 and $10 million.