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Kosar, who lives in the Fort Lauderdale suburgof Weston, listed assets of $1 milliom to $10 million and liabilitiexs of $10 million to $50 million in the filinh in Miami. His bankruptcy isn't a totaol surprise. The South Florida Business Journal reporteds Kosar has seen some of his real estate and restauran t investments flounder duringthe recession. had three of top five positiond on a list of unsecured lendersin Kosar'z bankruptcy petition. Florida Bank'es claims totaled $9.6 In May, Kosar and his Boardwalj LLC losta $2.9 million foreclosure judgmentg on a 36-unit apartment building to Florida Bank in Pinellas Counth Circuit Court. In April, Kosar and his Oakmony LLC losta $3.
3 million foreclosure judgmentg to Florida Bank in Hillsborough County Circuif County over a Tampa apartment building. The bank also had a foreclosurew lawsuit pending in Pinellas Countt against Kosar and hisPCV LLC. A $3.1 million personal guaranty to $3.04 million to his ex-wife Babette J. Kosarf $725,000 in a disputed loan involving attorne Jim Ferraro of Coral Gables $1.4 million total on threw claims involving the Browns $231,094 to the Many South Floridaa and Cleveland sports fans remember Kosar for his stellar succese on the field. He led UM to its firsyt football national championshipin 1984, then playee 12 seasons in the NFL, mostly with the Clevelan Browns.
Kosar, now 45, played his finap season with thein 1996. The UM trustee is a minorityu owner of boththe NHL’s and the Cleveland Gladiators, an Arenaq Football League team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 milliob in the inaugural 2008 season, during whicj Kosar was team president and guided the team to the semi-finals.
the Panthers have discussed merging the team with a New York Street & Smith’s , a sister-publication, has Bernie Kosar’s Steakhouse was evicted from its South Miami space in Kosar also faces significant tax problems, includin $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax liena against him over his personal income taxes, including some yearsx filed jointly with ex-wife, the Business Journal reported in May. Kosar did fully pay a separate $228,806 federal tax lien placedf on him inJuly 2008.
When The Plainb Dealer questioned Kosar about those previouslty unpaid taxesin August, Kosar said some bills were lost in the shuffl e during his divorce. “Divorce is difficult enough asit is, especially for someonw who wasn’t really looking to do he told the paper. “So, who owes what and all of thatbecomesd hard, but whatever I owe, obviously I woul d pay.” Kosar’s home, at 2940 Paddocok Road, is listed online at Realtor.com at $3.5 million. It was purchased for almost the same amountin 2006. The 9,901-square-footr home, built in 1997, sits on 1.09 acre s and has seven bedroomsand 7.
5 It's located at the end of a cul-de-saxc on the water in Weston's Windmall Rancy Estate area, a golfing community that has also been home to formeer Dolphins Hall of Fame quarterback Dan Julianne R. Frank of in Palm Beach Gardens is listex in the bankruptcy petitionas Kosar's
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