April 27, 2015
Former New Orleans Saints running back Deuce McAllister has filed for bankruptcy protection for a car dealership he owns in Mississippi.
The free agent running back is in a dispute with Nissan's
financing arm. Nissan says McAllister owes more than $6.6 million
and nearly $300,000 in interest.
The company says McAllister defaulted on a deal, then exceeded
his credit line.
McAllister said Tuesday he filed for bankruptcy to protect his
inventory and is searching for an investor.
The 2001 first-round draft pick was released by the Saints in a
salary cap move last month and is now looking for a new team. He
was due $7 million next season.
McAllister also owns a luxury vehicle dealership in Jackson.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.