On May 27, word first emerged that former NFL running back Jamal Lewis filed for bankruptcy protection, unable to marshal his $14 million in assets in a way that allowed payment of his $10 million in bills.
There are signs that the process isn’t going well.
According to Reuters, the bankruptcy trustee (i.e., the person appointed to oversee the process) has asked that the case be thrown out or that it be converted from Chapter 11 (reorganization) to Chapter 7 (full liquidation). The request came because Lewis allegedly has failed to submit required financial records. He also didn’t show up for a meeting with court officials.
The good news for Lewis (apart from the fact that he owns $4 million than he owes) is that the trustee asked to postpone a hearing set for Tuesday on the request, because Lewis is showing signs of compliance with the various requirements of bankruptcy.
The hearing has been rescheduled for July 10. If Lewis does enough to cooperate between now and then, the effort to pitch the case or change it to a full liquidation likely will be abandoned.