Hermes Vector

SportsTrending

Rashee Rice files for Chapter 7 bankruptcy in Texas

Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in Dallas, citing over $3.2 million in debt to 20 creditors.

By Hermes-Vector AI Desk

Checked against 2 sourcesnbcdfw.comkctv5.com
Illustration for: Rashee Rice files for Chapter 7 bankruptcy in Texas

In brief

  • Rashee Rice filed for Chapter 7 bankruptcy in Dallas on Nov. 4, 2026.
  • The filing lists over $3.2 million in debt to 20 creditors and just over $675,000 in assets.
  • The debt is linked to a 2024 multi-car crash in Dallas that resulted in felony charges and a $1 million civil settlement.
  • Rice's listed assets include a Mercedes-Benz, deferred compensation, and a Super Bowl LVIII ring.

Rashee Rice files for Chapter 7 bankruptcy in Texas

Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in the Federal Bankruptcy Court in the Northern District of Texas, according to court documents filed on Wednesday, Nov. 4, 2026.

Bankruptcy Details

According to the filing, Rice claims just over $675,000 in assets while owing 20 creditors more than $3.2 million. The debt is reportedly tied to settlements and legal fees resulting from a six-car crash Rice caused on Easter morning in 2024.

Among the assets listed in the filing are:

  • A Mercedes-Benz valued at $53,800
  • More than $420,000 in deferred compensation
  • A Super Bowl LVIII ring, which court documents obtained by CBS News value at $160,000
  • Cash deposits totaling $13,640 across three bank accounts

Rice's filing does not list a home or other real estate. Under the income section, Rice claimed he has made $1.25 million so far in 2026.

Legal Background and 2024 Crash

The bankruptcy follows ongoing legal disputes stemming from a March 2024 crash on the Central Expressway in Dallas. Prosecutors stated the Lamborghini Rice was driving was traveling 119 mph moments before impact. Rice left the scene of the crash before police arrived, though he later surrendered to an arrest warrant and took responsibility for the collisions in a statement.

In July 2025, Rice pleaded guilty to two third-degree felony charges for the collision and was sentenced to 30 days in jail and five years’ probation. He was also required to pay the victims’ medical expenses.

In April 2025, Rice and Kathryn Kuykendall agreed on a $1 million civil settlement. A judge signed a judgment for Rice to pay Kuykendall the $1 million, plus interest and attorney fees. However, March Lenahan, an attorney for Kuykendall, told NBC 5 that his client has not been paid and that Rice's paychecks from the Chiefs were being garnished. Lenahan stated that "the vast lion's share of what Rice owed is still unpaid."

NFL Career and Status

Rice was drafted by the Kansas City Chiefs in the second round of the 2023 NFL Draft and is currently in the final year of a four-year, $6.5 million rookie contract. He is set to become a free agent at the end of the 2026 NFL season.

Rice has faced various off-field and on-field challenges during his tenure with the Chiefs:

  • In June, Rice was released from Dallas County Jail following a 30-day jail stint for violating probation after testing positive for THC.
  • The NFL found Rice violated its personal conduct policy regarding the crash, causing him to miss the first six games of the 2025 season.
  • During his four years in the NFL, Rice has missed 27 games due to injuries and suspensions.

In the current season, Rice has played in five of the seven games for the Chiefs, missing two due to a hamstring injury. He has recorded 20 catches for 243 yards and two touchdowns.


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

When and where did Rashee Rice file for bankruptcy?
Rashee Rice filed for Chapter 7 bankruptcy in the Federal Bankruptcy Court in the Northern District of Texas on Wednesday, Nov. 4, 2026.
What are the reported assets and debts in the bankruptcy filing?
The filing lists just over $675,000 in assets, including a Mercedes-Benz, deferred compensation, a Super Bowl LVIII ring, and cash deposits, while owing 20 creditors more than $3.2 million.

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.

SportsTrending

Alexander Zverev loses first match as world number one

Alexander Zverev was defeated by Lorenzo Musetti in straight sets at the Paris Masters, marking his first match since reaching the ATP world number one ranking.

Checked against 5 sourcesBBCsports.yahoo.comfieldlevelmedia.com+2 more