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Newz Forum: BOXING: Judge to decide champ's financial reorganization

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posted on May, 17 2004 @ 06:56 PM
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Antonio Tarver made quick work of Roy Jones Jr. on Saturday night, but a tougher battle is expected to await Tarver in bankruptcy court. Eight days before his second-round knockout of Jones, the 35-year-old Tarver filed for Chapter 11 bankruptcy in Tampa, Fla., listing 19 creditors owed about $895,000.
 

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Although Tarver took home a payday of $2.2 million Saturday, it doesn't necessarily mean that the money will be used to pay off his four main creditors -- the Internal Revenue Service (owed $367,000), Star Boxing ($228,087), John Morgan ($150,000) and Mandalay Bay Resort & Casino ($60,000).
I find it interesting that he owes montgomery Ward $77. I thought the chain went belly-up!

[Edited on 5/17/2004 by Ben]




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