Kansas City Chiefs' Rashee Rice files for bankruptcy over millions in debt tied to Dallas crash – CBS News

Kansas City Chiefs’ Rashee Rice files for bankruptcy over millions in debt tied to Dallas crash  CBS News

Rashee Rice, a star wide receiver for the NFL's Kansas City Chiefs, filed for Chapter 7 bankruptcy in Dallas as he owes millions of dollars in settlements and legal fees tied to a 2024 car crash.According to a filing dated Wednesday with the Federal Bankruptcy Court in the Northern District of Texas, Rice claims $677,054 in assets, while owing 20 creditors more than $3.2 million.Thomas M. McMurray, Rice's attorney, declined to comment to CBS News Texas on Thursday.Rashee Rice bankruptcy filingAmong Rice's assets, he lists a $53,800 Mercedes Benz, more than $420,000 in deferred compensation and his Super Bowl LVIII ring valued at $160,000. He does not list a home or other real estate, and cash deposits total $13,640 across three bank accounts.For income, Rice claimed he has made $1.25 million so far this year.

The filing also shows that Rice has put up the Super Bowl ring as collateral for McMurray's legal fees.Most of Rice's debt is tied to judgements, settlements and legal fees from the car crash on Central Expressway in Dallas in March of 2024. Rashee Rice highway crashOn March 30, 2024, Rice was driving a Lamborghini and his friend Theodore "Teddy" Knox was driving a Corvette on North Central Expressway in Dallas.Both were speeding in the far-left lane near University Boulevard when the Lamborghini hit the