Rashee Rice’s Bankruptcy Filing Lists $3.45 Million in Debts and $39,241 Creditors Can Actually Reach
Rashee Rice filed for Chapter 7 bankruptcy on Wednesday in the Northern District of Texas, and the numbers in the petition explain why his creditors are not celebrating. ESPN, which first reported the filing, puts his debts at more than $3.45 million. His listed personal assets come to $677,054. The portion of that creditors can actually touch is $39,241.
That gap is the whole story.
Where the $3.45 Million Comes From
More than $2.1 million of the total traces to civil litigation from the March 30, 2024 crash on U.S. Highway 75 in Dallas, suits that are either settled or waiting on trial. The largest single listed debt is a $979,837 settlement from 2025. Roughly $700,000 more sits in pending crash-victim suits that Rice disputes in the filing. A separate $200,000 claim tied to a former girlfriend’s assault lawsuit is also listed as disputed.
Rice pleaded guilty in July 2025 to two third-degree felonies, collision involving serious bodily injury and racing on a highway causing bodily injury. He received five years of probation, 60 hours of community service, $115,481.91 in restitution and a 30-day jail condition he served last May and June after a failed drug test. He also sat six unpaid games at the start of the 2025 season.
The assault suit is a different category and should be described as what it is. Those are untested allegations in a pending civil case. Rice disputes them, he has never been criminally charged over them, and the NFL closed its investigation in April 2026 citing insufficient evidence.
The Asset Column Is the Interesting Part
Rice reported $421,825 in deferred compensation, $53,800 for a Mercedes-Benz, $13,640 across three bank accounts and roughly $5,000 in jerseys and hats. He rents. He owns no property. And his Super Bowl LVIII ring, which he valued at $160,000, is already pledged as collateral to Thomas McMurray, his attorney in the civil cases. Bloomberg led its follow-up on that lien, and for good reason: the flashiest asset in the filing is spoken for before a crash victim sees a dollar.
Chapter 7 is liquidation. A trustee sells what is not exempt and the rest of the eligible unsecured debt goes away. With $39,241 in non-exempt property on the table, Dallas bankruptcy attorney Donald Hood, who is not involved in the case, told FOX 4 that victims would likely recover “Something, but probably nowhere approximating the amount of their claims.”
The Timing Is Not an Accident
Rice is 26, in the last year of a four-year rookie deal worth $6,495,208, and he becomes an unrestricted free agent in March. Chapter 7 does not commit future earnings to a repayment plan the way Chapter 11 or 13 would. A contract signed after the petition date generally sits outside the estate.
Marc Lenahan, who represents crash plaintiff Kathryn Kuykendall, had been garnishing Rice’s Chiefs paychecks. The filing froze that. Lenahan says the bulk of what Rice owes remains unpaid.
Whether any of this debt is dischargeable has not been litigated. Court-ordered restitution is not, so the $115,481.91 stands. Creditors can challenge individual debts, which is exactly what is happening to Shilo Sanders in his own Chapter 7 case. FOX 4 noted it is not even clear Rice qualifies for Chapter 7 at all.
Rice has said nothing. His bankruptcy attorney declined to comment, McMurray declined to comment, and the Chiefs declined to comment. No statement has come from Rice, his agent, the NFL or the union.
He has 20 catches for 243 yards and two touchdowns in five games this season for a 5-2 Kansas City team. The football part of his life is the only part going to plan.
A longtime sports reporter, Carlos Garcia has written about some of the biggest and most notable athletic events of the last 5 years. He has been credentialed to cover MLS, NBA and MLB games all over the United States. His work has been published on Fox Sports, Bleacher Report, AOL and the Washington Post.
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