Charlie Batch Had Many Debts Cleared In Bankruptcy Court
What is it with aging backup quarterbacks and horrible business ventures? Days after Mark Brunell filed for bankruptcy, we find out that Charlie Batch had some good news in bankruptcy court.
The measure forgives him from most debts incurred before his December bankruptcy filing. Discharge, though, doesn’t wipe out mortgage or car loan obligations.
Mr. Batch’s Chapter 7 bankruptcy petition listed $2.3 million in assets, including his pension plan, versus $8.3 million in debts. He is keeping most of his assets, including his Franklin Park house and his Super Bowl rings, but allowing a townhouse in Novi, Mich., to go to foreclosure.
It looks like Batch’s bad business ventures included a bakery and a development company.