Bankruptcy court clears many of Batch's debts
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Longtime Steelers backup quarterback Charlie Batch had many of his debts discharged in bankruptcy court this week, meaning creditors can't come after him.
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.
Most of the debts were incurred in business ventures, including Batch Development Co., Kings Bakery LLC, and Courtland Place LLC. The lenders will still have liens on the properties those firms own, but they won't be enforceable on Mr. Batch.
Mr. Batch also reported $718,000 in earnings in 2010, and noted that his 2011 earnings depend on labor negotiations between players and the National Football League.
The discharge was issued by U.S. Bankruptcy Judge Jeffery A. Deller.
First Published June 10, 2011 12:00 am