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Research: one in every six pro footballers seeks bankruptcy

Posted on September 23rd, 2015 No Comments

A private nonprofit group recently found out that in every six professional footballers, at least one player tends to seek bankruptcy protection, an article from Ventura County Star reported.

According to the recent study by the National Bureau of Economic Research (NBER), NFL players are likely to file for bankruptcy as soon as they quit the league. In the 1996 and 2003 data, researchers found out that approximately 16 percent of footballers sought bankruptcy in the range of 12 years after retirement- regardless of the money they made. The study pointed out that the high bankruptcy numbers may be caused by football players’ lack of financial planning and inability to properly save funds.

Filing for bankruptcy is actually worth considering if you are suffering from great financial problems. If you are in such situation in Cincinnati, the attorneys at Ryan J. Ruehle Attorney at Law, LLC may work on your behalf. Call us today at (513) 621-0999 to learn more about your options.

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