Rashee Rice Files for Chapter 7 Bankruptcy in Texas
Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in the Northern District of Texas, reporting more than $3.45 million in debts. ESPN reported that federal court records show the financial filing lists $677,054 in personal assets. The filing comes as the 26-year-old player deals with fallout from a high-speed multicar crash in Dallas and civil litigation involving an ex-girlfriend.
Rice is currently in the final year of his four-year rookie contract with the Chiefs. Court documents list his base salary for the season at over $1.5 million. He has $421,825 in deferred compensation included in his personal assets, alongside $13,640 in checking accounts and a Mercedes-Benz valued at $53,000. He rents his residence and does not own real property.
Civil Lawsuits and Crash Settlements Drive Massive Liabilities
More than $2.1 million of Rice’s total debt is directly tied to varying plaintiffs suing him in civil litigations. The largest single debtor is owed $979,837 as part of a 2025 civil settlement stemming from the 2024 Dallas crash. TMZ noted that Rice used his Super Bowl LVIII ring, valued at $160,000, as collateral with his attorney, Thomas McMurray.
Fox News reported that Rice is actively disputing several potential debts in ongoing civil trials. These contested claims include a combined $700,000 in lawsuits filed by victims of the 2024 crash and another $200,000 from an ex-girlfriend who alleged he assaulted her multiple times between 2023 and 2025. The NFL previously investigated the assault allegations but declined to punish him.
Probation Violations and on-Field Status
The legal challenges follow a series of off-field penalties for the former SMU player. Rice pleaded guilty to third-degree felony charges of collision involving serious bodily injury and racing on a highway causing bodily injury from the 2024 crash. He was sentenced to 30 days in jail and five years of probation.
Rice served another 30 days in jail earlier this year for violating his probation by testing positive for marijuana. He also served a six-game suspension from the NFL to start the 2025 season. After missing additional time due to a hamstring injury, Rice has recorded 20 catches for 243 yards and two touchdowns in five games this season.
Frequently Asked Questions About the Bankruptcy Filing
What type of bankruptcy did Rashee Rice file?
Rice filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, which involves liquidating non-exempt property to pay creditors rather than setting up a payment plan through regular income.
How much does Rice still owe from the 2024 Dallas crash?
Court documents show Rice owes his largest creditor $979,837 as part of a civil settlement related to the multicar collision, while also disputing an additional $700,000 in claims from other crash victims.
What assets did Rice list in the federal court documents?
Rice reported $677,054 in personal assets, which includes $421,825 in deferred compensation, $13,640 across checking accounts, and a Mercedes-Benz worth $53,000. He also listed his Super Bowl LVIII ring, valued at $160,000, as collateral with his attorney.
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