Lee Steinberg files for Chapter 7 bankruptcy
January-19-2012
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Recently, sports agent Lee Steinberg filed for Chapter 7 bankruptcy. The agent is famous for representing top athletes like Troy Aikmen and inspiring the 1996 film Jerry Maguire and its main character.
Steinberg currently owes $1.4 million in a lease for a property in Newport Beach. The Chapter 7 bankruptcy filing lists total debts between $1 and $5 million, and only one asset of $475,000 in stock.
The sports agent said he accumulated debt while he was in rehab to recover from an alcohol addiction, and his business suffered as a result of these debts. Steinberg says he has been sober since 2010.