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Total Bankruptcy
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Bankruptcy
Blogged date : 2007 Jun 27
The
Los Angeles Times recently reviewed court records for Marion Jones and found that the Olympic star who won five medals seven years ago in Sydney and was once paid millions in endorsement money and as much as $80,000 per race is facing
bankruptcy. Jones is apparently in heavy debt and fighting off court judgments. Jones' financial problems first became apparent in a deposition in a breach-of-contract lawsuit she filed against former track coach Dan Pfaff, who countersued and won nearly $240,000 from Jones for unpaid training expenses and legal fees. In order to raise money last year, Jones had to sell two properties, including her mother's house. Her $2.5 million mansion in Chapel Hill, North Carolina was also foreclosed on.