Shilo Sanders files for bankruptcy to absolve $11.8 million judgement tied to assault


bernard

bernard

THEE Realist
Coach Prime's son trying to wipe out a figure tied to alleged assault from 2015

Colorado safety Shilo Sanders filed for bankruptcy in December 2023 to absolve an $11.89 million dollar judgement against him tied to an assault when he was in high school, according to court records.

The filing raises concerns about Sanders’ history and a lack of NIL earnings reported to the court. The bankruptcy schedule initially gathered on December 19, 2023 shows Sanders claiming $477,881 in assets, including $300K in a Robinhood account and $8K in a Wells Fargo account. Nothing was declared from any of Sanders' NIL projects, which were booked primarily through SMAC Entertainment. The top item line is for a Mercedes GLE AMG 635 valued at $75K. The declared value of Sanders' assets was since readjusted to $320,477.10 without any NIL deals reported to the court.

www.si.com

Shilo Sanders files for bankruptcy to absolve $11.8 million judgement tied to assault

Colorado safety Shilo Sanders filed for bankruptcy in December 2023 to absolve an $11.89 million dollar judgement against him tied to an assault when he was in
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Judge issues ruling in bankruptcy case of Deion Sanders' son Shilo
Shilo Sanders wanted a judge to throw out a complaint that challenges his attempt to discharge $11 million in debt. The judge didn't agree.

A federal judge has issued a ruling in the bankruptcy case of Colorado football defensive back Shilo Sanders, denying Sanders’ attempt to dismiss a complaint from a former school security guard whom Sanders still owes $11 million.

The security guard, John Darjean, had filed a complaint against Sanders in January to prevent the bankruptcy court from discharging that $11 million debt. Sanders’ attorneys then asked the judge to dismiss that complaint, calling it an “overreaching intimidation tactic filled with meritless allegations.”

But Judge Michael Romero didn’t agree and has kept most of Darjean’s claims alive, including allegations by Darjean about the limited liability companies (LLCs) owned by Sanders for his name, image and likeness deals (NIL).

“The Complaint contains sufficient allegations that Sanders’s companies function as his alter egos and that the corporate veils of the LLCs should be pierced,” Romero wrote in his ruling Thursday.

This is not good news for Sanders, 24, son of Colorado head coach Deion Sanders. But the case is far from over after he filed for bankruptcy in October in an effort to free himself “from the oppressive burdens of his debts,” as his attorneys described it.

www.usatoday.com

Judge issues ruling in bankruptcy case of Deion Sanders' son Shilo

Shilo Sanders wanted a judge to throw out a complaint that challenges his attempt to discharge $11 million in debt. The judge didn't agree.
www.usatoday.com

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