Deuce files for bankrupcy protection

[A.E]

JACKSON, Miss. (AP) - Former New Orleans Saints running back Deuce McAllister has filed for bankruptcy protection for a car dealership he owns in Mississippi.

The free agent running back is in a dispute with Nissan's financing arm. Nissan says McAllister owes more than $6.6 million and nearly $300,000 in interest.

The company says McAllister defaulted on a deal, then exceeded his credit line.

McAllister said Tuesday he filed for bankruptcy to protect his inventory and is searching for an investor.

The 2001 first-round draft pick was released by the Saints in a salary cap move last month and is now looking for a new team. He was due $7 million next season.

McAllister also owns a luxury vehicle dealership in Jackson.

Hmmm...bad business move by McAllister? Or perhaps another pro-athlete who has taken in millions but has been flat broke and living off credit for a long time?

I'd like to blame the economy on this dilemma...but it sounds like Deuce has simply spent way more money than he is taking in.

 

[dlc7619]

Watch your business deals and the economy. He will bounce back