Lions running back Adrian Peterson has made plenty of money. He currently owes plenty of money. Via Michael Rothstein of ESPN.com, a court has ordered to pay almost $8.3 million to a Pennsylvania loan company. Peterson defaulted on a loan in 2016. A New York state judge has ordered Detroit Lions running back Adrian Peterson to pay a Pennsylvania lender $8.3 million on a defaulted loan, with interest adding several thousand dollars a day to.
Lions running back Adrian Peterson has made plenty of money. He currently owes plenty of money.
Via Michael Rothstein of ESPN.com, a court has ordered to pay almost $8.3 million to a Pennsylvania loan company. Peterson defaulted on a loan in 2016.
Peterson initially owed $5.2 million, plus interest. He failed to repay the money by March 1, 2017. He was sued in 2018. Interest has accrued daily, at 16 percent or $2,207.12 per day. The rate will drop to nine-percent, reflecting the statutory post-judgment interest law in New York.
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Peterson, according to Danial Kaplan of TheAthletic.com, neither attended the hearing nor sent counsel on his behalf.
Adrian Peterson Contract
Peterson could eventually declare bankruptcy, selling off non-protected assets in order to pay off as much of the debt as possible.