Clinton Portis owes his mom $500K, $5 million in total debt

Clinton Portis filed for Chapter 11 bankruptcy in November. And the filings, published by Deadspin, reveal that the former NFL running back owes a lot of money to a lot of people including his mom.

Portis’s debt to creditors, in total, adds up to $4,857,659.50 — a number equivalent to more than 11 percent of Portis’s total earnings in a nine-year, NFL career according to Spotrac data. But it’s the breakdown of that debt that makes this story a bit bizarre.

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American Apparel files for bankruptcy

Troubled teen apparel retailer American Apparel Inc filed for bankruptcy protection on Monday and said it had reached a restructuring support agreement with 95 percent of its secured lenders.

“This restructuring will enable American Apparel to become a stronger, more vibrant company,” Chief Executive Paula Schneider said in a statement.

The company listed assets and liabilities of between $100 million and $500 million in its bankruptcy filing.

The case is in U.S. Bankruptcy Court, District of Delaware, Case No: 15-12055.

(Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)

http://www.msn.com/en-us/money/companies/american-apparel-files-for-bankruptcy/ar-AAf7cVf?ocid=ansmsnmoney11