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A federal judge in Denver this week addressed an ongoing issue in the bankruptcy case of Colorado football player Shilo Sanders:
How much privacy should Sanders be given related to his business dealings in this case?
Judge Michael E. Romero urged the parties involved to make progress on their disputes about this matter but also reminded Sanders’ attorney that Sanders’ overall financial situation is now a “public record.”
“This is a bankruptcy case, and the finances of Mr. Sanders is public record, so some of that information is going to be for the public to understand and everyone to understand,” Judge Romero said.
Sanders, son of Colorado football coach Deion Sanders, filed for bankruptcy in October 2023 after falling into more than $11 million in debt, almost all of it owed to one person – a former security guard at his school in Dallas named John Darjean.
Colorado’s Shilo Sanders
Why is the privacy of Shilo Sanders’ information at issue?
Shilo Sanders, 24, is seeking to free himself of his debt in bankruptcy court − a taxpayer-funded judicial system in which one of the prices of trying to erase such debt is to go through a transparent, public process for it.
But he still wants certain aspects of his business information to be private and under a protective order that shields it from public disclosure, particularly his deals with those paying him for his name, image and likeness (NIL).
“The reason we’re having these hearings relates to Mr. Sanders and his present financial situation and how that information will get disseminated to creditors, the (bankruptcy) trustee, Mr. Darjean and anyone else who’s interested, as every other bankruptcy debtor is before this court,” Judge Romero said during a status conference in the case this week. “This is a transparent process, but the question is how…
Source link : https://www.yahoo.com/news/judge-addresses-privacy-concerns-bankruptcy-110642338.html
Author : USA TODAY Sports
Publish date : 2025-01-17 11:06:00
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