Current:Home > MarketsJudge halted Adrian Peterson auction amid debt collection against former Vikings star -Golden Summit Finance
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
Ethermac View
Date:2025-04-09 09:40:54
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! (561)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Get a Bag From Shay Mitchell’s BÉIS for Just $70, 50% Off Too Faced Better Than Sex Mascara & More Deals
- Hyundai and Kia recall vehicles due to charging unit problems
- Kansas holds off Samford in March Madness after benefitting from controversial foul call
- Average rate on 30
- The trial of an Arizona border rancher charged with killing a migrant is set to open
- Hermès Birkin accused of exploiting customers in class-action lawsuit filed in California
- Garland dismisses criticism that he should have altered Hur report as absurd
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Are there any perfect brackets left in March Madness? Yes ... but not many after Kentucky loss
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- I Shop Fashion for a Living, and These Are My Top Picks From Saks Fifth Avenue's Friends & Family Sale
- Delta pilot gets 10 months in jail for showing up to flight drunk with half-empty bottle of Jägermeister
- Search for missing student Riley Strain shifts to dam 40 miles from where he was last seen in Nashville
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Is black seed oil a secret health booster? Here's what the research says
- Idaho manhunt: Escaped Idaho inmate's handcuffs tie him to double-murder scene, police say
- New Hampshire Senate passes bill to expand scope of youth detention center victim settlements
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Bus hijacked in downtown Los Angeles collides with several vehicles and crashes into a hotel
Border Patrol chief says tougher policies are needed to deter migrants from entering U.S. illegally
Reddit shares soar on first day of trading as social media platform's IPO arrives
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
FAFSA delays prompt California lawmakers to extend deadline for student financial aid applications
There's so much electronic waste in the world it could span the equator – and it's still growing
Texas Lawmaker Seeks to Improve Texas’ Power Capacity by Joining Regional Grid and Agreeing to Federal Oversight