By: Mike Stetzer
November 11, 2010
Dermontti Dawson, a former player for the Pittsburgh Steelers, filed for Chapter 7 bankruptcy in July and is scheduled to hold an auction of his personal property.
According to Kentucky.com, Dawson's home, cars, firearms, jewelry and household items will be available at the upcoming public auction. His home is reportedly valued at $1 million, and his firearm collection at $21,000. His two vehicles, a 2005 BMW 645Ci and a 2003 Hummer H2, are valued at about $31,000 and $15,000, respectively.
Dawson's earlier bankruptcy filing reportedly listed $1.4 million in assets and nearly $70 million in liabilities. His debts are mostly linked to real estate ventures in which Dawson was involved, according to the news source.
Dawson reportedly had a 13-year career playing with the Steelers and has contributed to several charitable efforts, including a foundation for disadvantaged children.
"I certainly wish things had turned out differently and look forward to continuing my contributions to this community," he said of his personal bankruptcy filing.