Tuesday, February 10, 2004
Mike Tyson is Bankrupt
Does anyone care?
The former heavyweight champion, who earned more than $200 million in his two-decades-long boxing career, was down to his last $5,553 as of Dec. 31, according to papers filed with the U.S. Bankruptcy Court in New York.
Tyson has been pummeled financially for months. The specifics of his debt woes were reported by Bloomberg News on Tuesday. Tyson filed for Chapter 11 bankruptcy protection in August.
According to the court documents obtained by Bloomberg, Tyson also had $174,000 in property and equipment and more than $10.2 million in liabilities at the end of December. He reported earning $720,018 and spending $85.50 in December and earning $5.68 and spending $22,000 in November.
What a LOSER! ¶ 2/10/2004 02:08:00 PM
Does anyone care?
The former heavyweight champion, who earned more than $200 million in his two-decades-long boxing career, was down to his last $5,553 as of Dec. 31, according to papers filed with the U.S. Bankruptcy Court in New York.
Tyson has been pummeled financially for months. The specifics of his debt woes were reported by Bloomberg News on Tuesday. Tyson filed for Chapter 11 bankruptcy protection in August.
According to the court documents obtained by Bloomberg, Tyson also had $174,000 in property and equipment and more than $10.2 million in liabilities at the end of December. He reported earning $720,018 and spending $85.50 in December and earning $5.68 and spending $22,000 in November.
What a LOSER! ¶ 2/10/2004 02:08:00 PM
