Photo Credit: Denny Medley-Imagn Images
Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy, reporting more than $3.45 million in debt, according to federal court records.
The 26-year-old submitted the filing Wednesday in the U.S. Bankruptcy Court for the Northern District of Texas. He listed approximately $677,054 in personal assets, leaving a significant gap between his reported assets and liabilities.
More than $2.1 million of Rice’s reported debt is connected to civil litigation. The lawsuits include claims brought by individuals involved in a 2024 high-speed, multicar crash in Dallas and a separate case in which a former girlfriend has accused him of repeated assaults between 2023 and 2025. The allegations have not all been resolved.
Rice Lists Super Bowl Ring as Collateral
According to the bankruptcy documents, Rice’s largest creditor is seeking $979,837 under a 2025 civil settlement stemming from the Dallas crash.
He also disputes certain potential liabilities, including a combined $700,000 sought in lawsuits filed by crash victims and another $200,000 claim in the case involving his former girlfriend.
The documents show that Rice used his Super Bowl LVIII ring, which he valued at $160,000, as collateral with Thomas McMurray, his attorney in the pending civil litigation.
Rice reported $13,640 in his checking accounts and listed $421,825 in deferred compensation among his personal assets. He also indicated that he rents his residence and does not own any property.
The wide receiver listed $39,241 in nonexempt assets in his Chapter 7 filing. The bankruptcy process allows eligible individuals to use nonexempt property to repay creditors.
Bankruptcy Comes During Final Contract Year
Rice is in the final year of his rookie contract with Kansas City and will earn a base salary of $1,560,711 in 2026.
The Chiefs selected him in the second round of the 2023 NFL Draft, and he helped the franchise win Super Bowl LVIII during his rookie season.
Rice has appeared in five games this season, recording 20 receptions for 243 yards and two touchdowns.
His bankruptcy attorney, David Shuster, and the Chiefs declined to comment on the filing. McMurray did not immediately respond to requests for comment.
The filing adds another development to a difficult period for Rice, whose ongoing legal disputes have created uncertainty beyond his future on the football field.
