The World’s Most Famous Agent Files for Bankruptcy

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Generally the profits behind the National Football League is even more fascinating than the contest itself. Have a look at the circumstance of super-agent Leigh Steinberg, probably the most well known-and perhaps notorious-back room wheeler and dealer in the history of the sport.

The sports agent obtained superstar status when Cameron Crowe supposedly made him the premise for the Tom Cruise motion picture Jerry Maguire. Although, a string of disasters both public and private led him to ultimately file Chapter 7 bankruptcy with a debt attorney.

Steinberg was in law school when the young Steve Bartkowski asked him to represent the college football player as an agent. Bartkowski went on to grow to be a quarterback for the Atlanta Falcons, becoming one of the Falcons’ greatest quarterbacks, as well as all-time leader in touchdowns and passing yardage. At the same time, Steinberg passed the bar, soon enough applying his newfound sports agent talents into Steinberg, Moorad & Dunn.

From that point on, it was nonstop, high-dollar deal-making. After Jerry Maguire, Leigh Steinberg grew to become one of the only NFL icons never to have played or worked directly to the National Football League.

In spite of this, devastation hit in 2003. One of Steinberg’s players allegedly took a $300,000 loan violating the Nfl policy. The athlete quit and went to a rival agent. Steinberg prosecuted, and was successful. However, Leigh was decertified by the NFL. Legal cases accumulated. Behind closed doors, the agent’s marriage fell apart, while Steinberg spiraled into alcohol addiction.

With Steinberg’s judgment compromised, financial debt and litigation continued to mount up. Steinberg got in touch with a bankruptcy attorney, and in the end made a decision to file Chapter 7. Steinberg openly declared himself alcohol free recently, and said he wants to do everything he can to correct the mistakes he brought on during this sad part of his life.

The Steinberg case is a unique tale example of ambition, Nfl politics, alcohol dependency, and sobriety. Steinberg’s story may, certainly, produce material a lot more intriguing than the movie Jerry Maguire. Furthermore it is a case study in the countless reasons that lead to a person eventually calling a debt attorney: the dishonest lapse of an employee, good sense affected by addiction, business rivalry that gets overtly poisonous.

No individual wants to file for Chapter 7 personal bankruptcy. Nonetheless, as the curious case of Leigh Steinberg exhibits, many times financial debt becomes unmanageable, individuals turn out to be financially troubled, and a bankruptcy lawyer should be called. If you wish to talk with a legal representative in Nassau or Suffolk Counties concerning your personal debt situation make sure to retain the services of a skilled legal professional. You are going to obtain expert advice from one the premiere lawyers.

If you found this article helpful speak with a Long Island bankruptcy attorney to learn more about bankruptcy filing.

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Topics: Bankruptcy | Comments Off

Tags: Bankruptcy, chapter 7 bankruptcy help, entertainment, famous people, filing for bankruptcy, finances, financial issues

Article Citation
MLA Style Citation:
Mitchell, Trent "The World’s Most Famous Agent Files for Bankruptcy." The World’s Most Famous Agent Files for Bankruptcy. 5 Feb. 2012. uberarticles.com. 25 May 2012 <http://uberarticles.com/finance/bankruptcy/the-worlds-most-famous-agent-files-for-bankruptcy/>.

APA Style Citation:
Mitchell, T (2012, February 5). The World’s Most Famous Agent Files for Bankruptcy. Retrieved May 25, 2012, from http://uberarticles.com/finance/bankruptcy/the-worlds-most-famous-agent-files-for-bankruptcy/

Chicago Style Citation:
Mitchell, Trent "The World’s Most Famous Agent Files for Bankruptcy" uberarticles.com. http://uberarticles.com/finance/bankruptcy/the-worlds-most-famous-agent-files-for-bankruptcy/

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