Current:Home > StocksJudge halted Adrian Peterson auction amid debt collection against former Vikings star -Capitatum
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
EchoSense View
Date:2025-04-06 14:47:29
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! (62149)
Related
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Detroit touts country's first wireless-charging public road for electric vehicles
- Work resumes on $10B renewable energy transmission project despite tribal objections
- Best picture before bedtime? Oscars announces earlier start time for 2024 ceremony
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Meadow Walker Pays Tribute to Dad Paul Walker With Sweet Video 10 Years After His Death
- Travis Kelce's Ex Kayla Nicole Reveals How She Tunes Out the Noise in Message on Hate
- See Blue Ivy and Beyoncé's Buzzing Moment at Renaissance Film London Premiere
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Rare giant rat that can grow to the size of a baby and chew through coconuts caught on camera for first time
Ranking
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Watch two sea lions venture back into the ocean after rehabilitating in California
- Horoscopes Today, November 30, 2023
- Mississippi woman arrested on suspicion of faking nursing credentials
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Facebook parent Meta sues the FTC claiming ‘unconstitutional authority’ in child privacy case
- Haslam family refutes allegation from Warren Buffett’s company that it bribed truck stop chain execs
- Peruvian rainforest defender from embattled Kichwa tribe shot dead in river attack
Recommendation
American news website Axios laying off dozens of employees
Casino workers seethe as smoking ban bill is delayed yet again in New Jersey Legislature
See Blue Ivy and Beyoncé's Buzzing Moment at Renaissance Film London Premiere
Latest hospital cyberattack shows how health care systems' vulnerability can put patients at risk
Kehlani Responds to Hurtful Accusation She’s in a Cult
Detroit touts country's first wireless-charging public road for electric vehicles
Franklin Sechriest, Texas man who set fire to an Austin synagogue, sentenced to 10 years
FBI agent carjacked at gunpoint in Washington D.C. amid city's rise in stolen vehicles