Current:Home > NewsJudge halted Adrian Peterson auction amid debt collection against former Vikings star -Dynamic Profit Academy
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
View
Date:2025-04-21 03:16:26
A judge in Houston halted the sale of hundreds of Adrian Peterson’s personal items recently after they were seized by a court-appointed debt collector who has been trying to get the former Minnesota Vikings star to make good on his massive debt.
The debt collector, Robert Berleth, seized the items from Peterson’s storage units in Houston, including his NFL trophies, game balls, jerseys, jackets, shoes and neckties. They were put up for auction online from Feb. 15-29 before Peterson objected and said he didn’t authorize the sale of his trophies.
This led to a court hearing and decision by the judge to discontinue the sale until Berleth produced an inventory of all property taken from Peterson’s storage units. The auction has been on hold since Feb. 29 as the two sides seek to determine what is “personal property” exempt from the debt collection, according to court records.
“The Receiver (Berleth) has seized a variety of assets which had been stored in storage facilities,” Peterson’s attorney said in court records. “Despite repeated requests from the Defendant (Peterson), the Receiver has refused and/or failed to provide any kind of inventory or identification of what assets he has in his possession. Receiver now seeks to auction various items he has seized. The items the Receiver currently include numerous irreplaceable items, including, for example, Defendant’s National Football League “2007 Rookie of the Year” trophy. The sale of such items cannot be undone. If the auction is permitted to proceed, no monetary amount can replace those lost items.”
What does Adrian Peterson owe?
Peterson, 38, made more than $100 million in his NFL career but still has massive debt stemming from a $5.2 million loan he took out from a Pennsylvania lending company in 2016 to pay back other lenders. He didn’t pay it back and it since has grown with interest, leading to an $8.3 million judgment against him in 2021.
NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.
Berleth then was appointed as receiver to collect on it in the Houston area, near where Peterson lives. In court records, he accused Peterson of playing a shell game with his assets to foil his collection efforts, which Peterson’s attorney denied this week.
The receiver said in court documents he is to collect on the $8.3 million judgment amount, plus 9% interest, attorney’s fees and a receiver’s fee of about $2.1 million, plus expenses. The approximate collection total is $12.5 million, he stated in court records. So far only "de minimis" offsets have been made against this judgment, according to his filings.
"The Receiver intercepted an auction the debtor initiated and seized items at Storage Facilities leased and secured with lock by the Debtor (Peterson)," Berleth said in court documents. "The assets belong to the Debtor. The leases at the Storage Facilities were delinquent. The debtor contested the sale of trophies. The debtor’s (attorney) contacted the Receiver and expressed this concern."
Follow reporter Brent Schrotenboer @Schrotenboer. Email: [email protected]
veryGood! (47558)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Supreme Court won't review North Carolina's decision to reject license plates with Confederate flag
- China will end its COVID-19 quarantine requirement for incoming passengers
- China will end its COVID-19 quarantine requirement for incoming passengers
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Below Deck’s Kate Chastain Response to Ben Robinson’s Engagement Will Put Some Wind in Your Sails
- Psychedelic drugs may launch a new era in psychiatric treatment, brain scientists say
- Updated COVID booster shots reduce the risk of hospitalization, CDC reports
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- 10 key takeaways from the Trump indictment: What the federal charges allegedly reveal
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Joining Trend, NY Suspends Review of Oil Train Terminal Permit
- In Baidoa, Somalis live at the epicenter of drought, hunger and conflict
- Hillary Clinton Finally Campaigns on Climate, With Al Gore at Her Side
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Lori Vallow Found Guilty in Triple Murder Trial
- Judge Delays Injunction Ruling as Native American Pipeline Protest Grows
- China will end its COVID-19 quarantine requirement for incoming passengers
Recommendation
PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
What’s at Stake for the Climate in the 2016 Election? Everything.
Editors' pick: 8 great global stories from 2022 you might have missed
Law requires former research chimps to be retired at a federal sanctuary, court says
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Solar Energy Surging in Italy, Outpacing U.S.
EPA Agrees Its Emissions Estimates From Flaring May Be Flawed
Exxon’s Big Bet on Oil Sands a Heavy Weight To Carry