Current:Home > InvestJudge halted Adrian Peterson auction amid debt collection against former Vikings star -Pinnacle Profit Strategies
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
View
Date:2025-04-16 10:00:32
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: bschrotenb@usatoday.com
veryGood! (14518)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Horoscopes Today, November 3, 2023
- J.Crew Factory's 40% Off Sitewide Sale Has All the Holiday Looks You Want
- Katy Perry and Orlando Bloom's Daughter Daisy Dove Is in Full Bloom at Her First Public Appearance
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Celebrities running in the 2023 NYC Marathon on Sunday
- Record-setting A.J. Brown is colossal problem Cowboys must solve to beat Eagles
- Cardinals rookie QB Clayton Tune to start at Browns; Kyler Murray waiting game continues
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- RHONY’s Brynn Whitfield Breaks BravoCon Escalator After Both High Heels Get Stuck
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Bleach can cause your hair to break off. Here's how to lighten your hair without it.
- Gunmen kill 5 people in an apparent dispute over fuel theft in central Mexico, police say
- German airport closed after armed man breaches security with his car
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- RHONJ's Teresa Giudice Reveals She's Spending Christmas 2023 With Ex Joe Giudice
- Chiefs want to be ‘world’s team’ by going global with star power and Super Bowl success
- Iranians mark the anniversary of the 1979 US embassy takeover while calling for a ceasefire in Gaza
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
WWE Crown Jewel takeaways: Kairi Sane has big return, while Solo Sikoa and LA Knight shine
Estonia will allow Taiwan to establish a nondiplomatic representative office in a policy revision
Kyle Richards Reveals Holidays Plans Amid Mauricio Umansky Separation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Kourtney Kardashian, Travis Barker welcome a baby boy, their 1st child together
Jason Aldean says he stands by controversial Try That in a Small Town: I know what the intentions were
Proof Nick Carter’s Love of Fatherhood Is Larger Than Life