A First in the U.S.: Court Protects NFL Players’ Concussion Settlements in Bankruptcy Proceedings
"This was an attempt by a bankruptcy trustee to seize funds that we believed clearly were exempt and protected under bankruptcy law," said
This case (CASE NO. 18-cv-61581-KMW) will be foundational in protecting the settlement assets of other NFL players facing bankruptcy proceedings by establishingĀ a firm precedent on their behalf.Ā The Court ruled for the NFL player represented in this case because bankruptcy law stipulates that debtors have the right to receive "disability, illness or unemployment benefits."Ā The court unequivocally categorized NFL Concussion Settlement funds as disability benefits.
"This ruling will have a major impact for retired NFL players," added Van Horn.Ā "Our team at
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