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Lions running back Adrian Peterson has made a lot of money. He currently owes a lot of money.
Via ESPN.com’s Michael Rothstein, a court ordered a payment of nearly $ 8.3 million to a Pennsylvania loan company. Peterson defaulted on a loan in 2016.
Peterson initially owed $ 5.2 million, plus interest. He did not repay the money until March 1, 2017. He was sued in 2018. Interest accrues daily, at 16% or $ 2,207.12 per day. The rate will drop to 9%, reflecting statutory post-judgment interest law in New York.
Peterson, according to Danial Kaplan of TheAthletic.com, neither attended the hearing nor sent a lawyer on his behalf.
Peterson could eventually declare bankruptcy, sell unprotected assets in order to pay off the debt as much as possible.
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