Chiefs Receiver Rashee Rice Files for Chapter 7 Bankruptcy

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy in federal court on Wednesday. The filing, submitted in the Northern District of Texas, lists total debts exceeding $3.45 million. This legal step occurs while Rice faces multiple civil lawsuits related to incidents from 2023 to 2025.

Court documents show that over $2.1 million of the claimed debt is tied to civil litigation. These legal actions stem from two main sources: a high-speed multi-car crash in Dallas in 2024 and allegations of repeated assault by an ex-girlfriend between 2023 and 2025. Some cases have reached settlement, while others await trial.

Rice reported holding $677,054 in personal assets in his filing. This amount includes $421,825 in deferred compensation and $13,640 in checking accounts. The documents state that Rice rents his current residence and does not own any real property.

A large portion of the debt is owed to a single creditor. Rice claims $979,837 is still due from a civil settlement reached in 2025 regarding the Dallas crash. He is also disputing potential debts in ongoing trials, including $700,000 in lawsuits from crash victims and $200,000 connected to the alleged assault suit.

The bankruptcy paperwork lists Rice’s Super Bowl LVIII ring as an asset valued at $160,000. He used the ring as collateral with Thomas McMurray, his attorney in the pending civil litigations. Rice is in the final year of his rookie contract with the Chiefs and is expected to earn a base salary of $1,560,711 for the 2026 season.

On the field this season, Rice has appeared in five games, recording 20 receptions for 243 yards and two touchdowns. Neither Rice’s bankruptcy attorney, David Shuster, nor the Chiefs organization provided immediate comments on the filing. McMurray did not immediately respond to messages seeking a statement.