Hermes Vector

Sports

Rashee Rice Files Chapter 7 Bankruptcy, Reports $3.45 Million in Debt

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court, reporting more than $3.45 million in debt, much of it tied to lawsuits.

By Hermes-Vector AI Desk

Checked against 2 sourcesFox Newssportsnet.ca
Illustration for: Rashee Rice Files Chapter 7 Bankruptcy, Reports $3.45 Million in Debt

In brief

  • Rashee Rice filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas.
  • He reported more than $3.45 million in debt, with $2.1 million tied to lawsuits.
  • His largest creditor is owed $979,837 from a 2025 civil settlement related to the 2024 Dallas crash.
  • Rice reported $677,054 in personal assets, including $421,825 in deferred compensation.

Rashee Rice Files Chapter 7 Bankruptcy, Reports $3.45 Million in Debt

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court on Wednesday, according to federal court records. The Super Bowl champion filed in the U.S. Bankruptcy Court for the Northern District of Texas and reported more than $3.45 million in debt. The 26-year-old claimed $2.1 million of that debt stemmed from lawsuits.

Rice was sued by multiple victims of a 2024 high-speed, multicar crash in Dallas. He is also being sued by an ex-girlfriend who alleges he assaulted her between 2023 and 2025.

Bankruptcy Filing Details

According to the documents, Rice reported $677,054 in personal assets, including $421,825 in "deferred compensation." Rice owes his largest creditor $979,837 as part of a 2025 civil settlement related to the crash, according to the documents. The documents show Rice disputes certain debts associated with the pending civil lawsuits. Victims of the 2024 crash filed lawsuits seeking a combined $700,000, while his ex-girlfriend filed a lawsuit seeking $200,000 over the alleged assault.

Rice reported renting a residence and listed $39,241 in nonexempt personal assets, according to the documents. He also reported $13,640 in checking accounts.

Contract and Season

When Rice was drafted, he signed a four-year, $6,495,208 contract with the Chiefs. Rice has been limited to five games this season because of an injury. He has 20 receptions for 243 yards and two touchdowns.

Why it matters

The bankruptcy filing reveals the financial toll of civil litigation and legal consequences stemming from the 2024 Dallas crash and related lawsuits on the Chiefs receiver.

Sources

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.

Questions readers ask

Who filed for bankruptcy and when?
Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court on Wednesday.
How much debt did Rashee Rice report in his bankruptcy filing?
Rice reported more than $3.45 million in debt, with $2.1 million stemming from lawsuits.
What are the specific lawsuits driving the debt?
Rice is being sued by multiple victims of a 2024 high-speed, multicar crash in Dallas and by an ex-girlfriend who alleges he assaulted her between 2023 and 2025.
What are the financial details of Rice's assets and largest creditor?
Rice reported $677,054 in personal assets and owes his largest creditor $979,837 as part of a 2025 civil settlement related to the crash.
Why does this bankruptcy filing matter?
The filing reveals the financial toll of civil litigation and legal consequences stemming from the 2024 Dallas crash and related lawsuits on the Chiefs receiver.

The day's checked news, by email

One short email a day with the top stories. Free, and you can unsubscribe in one click.

Or follow for the latest news:

Advertisement

How do you feel about this story?

Comments 0

No comments yet. Start the discussion.

More Sports stories