Current:Home > MarketsJudge halted Adrian Peterson auction amid debt collection against former Vikings star -FinanceAcademy
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
View
Date:2025-04-22 19:24:24
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! (27737)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Russia hints at contacts in progress with U.S. on potential prisoner swap
- Earth sees third straight hottest day on record, though it's unofficial: Brutally hot
- Rising sea levels threaten the lives and livelihood of those on a fragile U.S. coast
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Keshia Knight Pulliam Gives Birth, Welcomes Baby Boy With Husband Brad James
- Get Softer-Than-Soft Skin and Save 50% On Josie Maran Whipped Argan Oil Body Butter
- Uganda's Vanessa Nakate says COP26 sidelines nations most affected by climate change
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Russia claims it repelled another drone attack by Ukraine on Moscow
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Zombie Detective Actress Jung Chae-yul Dead at 26
- This $20 Pre-Seasoned Cast Iron Skillet Has 52,000+ 5-Star Amazon Reviews
- High winds, severe drought, and warm temps led to Colorado's historic wildfire
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- This Colorado 'solar garden' is literally a farm under solar panels
- The U.N. says climate impacts are getting worse faster than the world is adapting
- High winds, severe drought, and warm temps led to Colorado's historic wildfire
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
From a place of privilege, she speaks the truth about climate to power
Taliban orders Afghanistan's beauty salons to close in latest crackdown on women's rights
Grab your camera and help science! King tides are crashing onto California beaches
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Bob Inglis: How I changed my mind about climate change
Madewell's Extra 30% Off Clearance Sale Has $20 Tops, $25 Skirts & More Spring Styles Starting at $12
Leon Gautier, last surviving French commando who took part in WWII D-Day landings in Normandy, dies at 100