Current:Home > ScamsJudge halted Adrian Peterson auction amid debt collection against former Vikings star -Finovate
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
View
Date:2025-04-14 07:26:26
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: bschrotenb@usatoday.com
veryGood! (9475)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- This Country Voted to Keep Oil in the Ground. Will It Happen?
- 2-year-old killed by tram on Maryland boardwalk
- 'Beyond excited': Alex Cooper's 'Call Her Daddy' podcast inks major deal with SiriusXM
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Jennifer Lopez's Ex Alex Rodriguez Posts Cryptic Message Amid Split From Ben Affleck
- Los Angeles FC vs. Colorado Rapids Leagues Cup semifinal: How to watch Wednesday's game
- Hunter Biden’s lawyers, prosecutors headed back to court ahead of his trial on federal tax charges
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Canada lynx confirmed in Vermont for 1st time since 2018
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- 2-year-old killed by tram on Maryland boardwalk
- KARD on taking a refined approach to new album: 'We chose to show our maturity'
- Warner Bros. pledges massive Nevada expansion if lawmakers expand film tax credit
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Social Security's 2025 COLA: Retirees in these 10 states will get the biggest raises next year
- 5 takeaways from Day 3 of the DNC
- Sicily Yacht Sinking: 4 Bodies Recovered From the Wreckage By Divers
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
North Carolina elections board OKs university ID on phones for voter access this fall
NY state urges appeals court to uphold Donald Trump’s nearly $500 million civil fraud judgment
NY state urges appeals court to uphold Donald Trump’s nearly $500 million civil fraud judgment
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Trump is set to hold his first outdoor rally since last month’s assassination attempt
A new setback hits a Boeing jet: US will require inspection of pilot seats on 787s
ESPN tabs Mike Greenberg as Sam Ponder's replacement for 'NFL Sunday Countdown' show