by Cedric ‘BIG CED’ Thornton
The University of Colorado Boulder football player allegedly owes more than $97,239
According to USA Today, the University of Colorado Boulder football player who has placed his name in the upcoming NFL Draft allegedly owes more than $97,239 to the company that the car belongs to. Mercedes-Benz Financial Services states that he has not made any payments from December through February. They are requesting that Sanders provide the location of the car so they can retrieve it.
“The motor vehicle is depreciating in value, the contract is in default, and the movant (Mercedes Benz Financial Services) is being prevented by the automatic stay from exercising its remedies to repossess and liquidate its collateral, the motor vehicle,” said attorney Doug Koktavy, who is representing the creditor.
Even after Sanders signed the agreement for the vehicle, he continued to make payments until recently.
In March, a judge issued a limited protective order in favor of Shilo that states “designated discovery material may not be used for any other purpose” than for the merits of the ongoing case against him. Shilo’s attorney asked for the protective order asking that discovery evidence, including NIL (name, image, and likeness) business dealings, be kept from being disseminated so it wouldn’t end up on social media. According to the attorney, the information drawn could become part of a “smear campaign ” that could be used against him and affect future earnings for the football player after his bankruptcy ruling.
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Source: Black Enterprise
