Not Going Bankrupt….Yet
Filed under: Legal Matters
Boxing star Evander Holyfield is fighting back against several reports that he's having financial problems after news was leaked that his 109-room mansion (you read that right) was in foreclosure.
Reports were also stating that he's behind in child support.
Holyfield is denying the reports, though, saying that he's not broke and that he's always taken care of his kids.
He says, "I'm not broke. I'm just not liquid. I do feel kind of sad because things have always been positive and now everybody wants to jump on me like I'm the worst person in the world and I went out and blew all my money."
A newspaper on Wednesday published a foreclosure notice on the 235 acres Holyfield owns. He'll have to make a full repayment of a $10 million loan.
An attorney representing the lending company said yesterday morning that the estate is no longer up for auction, but declined to comment further.
As for Holyfield, he said "everything is alright with the house now."
Though it's been reported that he has also taken out two additional mortgages totaling over $5 million. Let's hope he can pay that back as well.
And, to make it worse, the mother of one of his eleven kids (yes, 11) has filed a petition for contempt claiming that Holyfield is behind on child support.
An attorney for the mother, who is probably getting way more in child support than the average US single mom, has said, "I would've liked to have seen him take care of his child support obligations before worrying about his house. If he hasn't made the proper arrangements by then, we'll ask that he be incarcerated."
If he loses his house and goes to jail, then you're really screwed on the child support for your client!
Holyfield is not keeping quiet about the child support claims.
He stated today, "Never. I would never do something like that. That's been a consistency in my whole life. I have always taken care of my children. It's just one of the mothers who's saying something because she thinks it will embarrass me. I just have to roll with the punches in this situation."
Ouch. Burn.
Oh, and Holyfield is also getting sued by a Utah consulting firm to which he still needs to repay a $550,000 loan. The lawsuit was filed two weeks ago and alleges Holyfield borrowed the money to pay for landscaping on his estate.
Someone give this man another fight!
He needs him some major money to get out of this hole!!!!
[Image via WENN.]
FIRST
1st!! wow thts crazy
FIRST!!!
why the fuck would some one need that many rooms. lol i bet he gets lost in his own house. and he prob has room numbers on the doors. hahaha spill in room 78, I repeat spill in room 78!!
10th
first :]
Another not so bright person living way beyond their means.
this another example of bad money management
Perez, you could do a lot more with your drawing/writing on photos if you'd invest in a Intuos digital drawing tablet - one for your needs would set you back under $100 and they sell them on eBay
I work in the legal field and have dealt with celebrities who let their homes go into foreclosure. Most of the time, its because the celebrity does not handle their own finances relating to the real estate (i.e. mortgage payments, taxes, etc.) and the person in charge is usually the one to drop the ball. I have never seen a celebrity handle these matters themselves, and when they finally get notified of a pending foreclosure, they are more shocked than anything. Then the foreclosure is paid. My suggestion is that the celebrities be more hands on when it comes to their own finances.
11 kids? by how many different mothers? He should've kept his pants zipped, or was he too broke for trojans as well?
11 kids!! he's crazy!
Oh I'm sorry… you might have to down grade to a 50 room mansion. What do you do w/ so many damn rooms? Does he have that many illegitimate children?
Evander should go to gay bear porn to pay off some of his debt.
I'm not liquid means.. I don't have CASH, but I do have property somewhere that i need to unload to become LIQUID. I doubt if he OWN outright any of his properties. He's depending on equity I guess.
5-ex wives and nine childen later.
Re: real r – Amen to that. Any idiot can make money, only the truly intelligent can make their money work for them.
This man has 11 kids by 9 different women. He also had 3 women pregnant at the same time.
Classy…
Posting "first" is so tired.
This is none of our business and it is a shame that it's public record and put out there like that. It's his personal finances: how would you feel if that were done to you? Is that the kind of country we want to be living it — where our bills can just be outed like that?
I like reading about celebs as much as anybody else - when they put THEMSELVES out there in the mags or posing at events, whatever. But this kind of shit is a disgrace, no matter who it is. Where are our civil liberties?
We need Ron Paul!
I just love how when it is black children the statement is…"she is getting more money than most single mom's in America". Holyfield makes more money than most men in America. So is she suppose to raise his child on a Walmart salary. All these white chicks in Hollywood are getting WAY more money than most for child support but PEREZ you never say a damn thing but a black child??? Oh that is too much money. How about telling Holyfield he should have kept it in his pants and stayed married to his first wife? No that would be too much like promoting the right thing.
Perez you lose stripes once again on this one. Latina and White children aren't the only ones who need to be raised in a certain lifestyle.
Seriously? Who cares? Now I remember why I never look at this boring site anymore. It's People for the internet.
Forget his current problems but 11 kids??? You never heard of a condom? And did you forget, that when you have riches, bitches will come after your sperm to get a paid? Bitches know that they can't get paid by going to a sperm bank or from a petri dish so they go after dumb asses like you. Next time, put a cap on! Don't you know that it's insane to pay a women $3700 for 1 child and your dumb ass probably didn't get a DNA test on. You make me sick!
maybe he should just find Mike Tyson and try to tick him off in the hopes that Mike will take another bite out of his ear, and then he'll get another $30 million. Actually I would let Mike Tyson take a bite out of MY ear for that much money.
Bitches…yes perhaps…but Evander brought this on himself and still defends his decision to have all these babies. And if Mike Tyson bit you…you would have no paid day just a bloody ear stub he is broke too! For shame!!!!!
yo yo wah wah yo gu te dam noimsaain noimsaain???
He shoulda come out with a grill too….the Holyshitfield Grill!
This is what happens when a primitive idiot comes into some money. Just like Mike Tyson, he found a way to royally foul up his finances as only a low IQ jackass could.
Why in the hell can't these people manage their money? Do you have to have a mansion that fucking big? When you are making tens of millions of dollars, just pay shit off and live within your means. I hate to say it (because he is old and hurt) but the same goes for Ed McMahon. He could have had that house paid for years ago plus a retirement account, but there is a life style to uphold I suppose. I hope they think that it was worth it.
All the Affimative Action in the world won't wise up people born to be chumps.
hey perez are you single
Another dumbass ne@@er!!
What is it with My Brothers they just can't handle money, sex, or life? Well blacks did invent the (light bulb) (television) ( the internet) didn't they?
c'mon nigga, i beat yo ass once i will beat it again fucktard. nigga got no class like me, i put him in dat george formangrill and cook me up a black sandwich