Kosar files for bankruptcy protection - San Francisco Business Times:

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Kosar, who lives in the Fort Lauderdale suburgof Weston, listed assets of $1 million to $10 million and liabilitiese of $10 million to $50 million in the filing in Miami. His bankruptcyu isn't a total surprise. The South Florida Businessw Journal reported Kosar has seen some of his real estates and restaurant investments flounder during the had three of top five positiond on a list of unsecuredx lendersin Kosar's bankruptcy petition. Florida Bank's claims totalefd $9.6 million. In May, Kosar and his Boardwalj LLC losta $2.9 millioh foreclosure judgment on a 36-unit apartmeng building to Florida Bank in Pinellas County Circuit In April, Kosar and his Oakmont LLC lost a $3.
3 milliom foreclosure judgment to Florida Bank in Hillsborough County Circui t County over a Tampa apartment building. The bank also had a foreclosure lawsuit pending in Pinellas County agains t Kosar and hisPCV LLC. A $3.1 milliom personal guaranty to $3.04 million to his ex-wifes Babette J. Kosar $725,000 in a disputed loan involvinyg attorney Jim Ferraro of Coral Gables $1.4 million total on three claims involving the Brownx $231,094 to the Many South Florid and Cleveland sports fans remember Kosar for his stelladr success on the field.
He led UM to its firsyt football national championshipin 1984, then played 12 seasonsd in the NFL, mostly with the Cleveland Kosar, now 45, played his final seaso with the in 1996. The UM truste is a minority owner of boththe NHL’ and the Cleveland Gladiators, an Arena Footballo League team that sat out the past seasoj along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiators lost $2 million to $2.5 million in the inaugural 2008 season, during whicn 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 reported.
Bernie Kosar’sz Steakhouse was evicted from its South Miami space in Kosar also faces significanttax problems, including $59,881 in unpair property taxes on his Weston home and a combine $93,647 in federal tax liens against him over his personap income taxes, including some years filed jointly with the Business Journal reported in May. However, Kosar did fully pay a separate $228,807 federal tax lien placed on him inJuly 2008. When The Plaih Dealer questioned Kosar about those previousl y unpaid taxesin August, Kosar said some billd were lost in the shufflew during his divorce.
“Divorce is difficult enough asit is, especiallyu for someone who wasn’t reallhy looking to do that,” he told the “So, who owes what and all of that becomes hard, but whatevefr I owe, obviously I woulsd pay.” Kosar’s home, at 2940 Paddocki Road, is listed online at Realtor.com at $3.5 It was purchased for almost the same amount in 2006. The 9,901-square-foott home, built in 1997, sits on 1.09 acres and has sevemn bedroomsand 7.5 baths. It's locatexd at the end of a cul-de-saf on the water in Weston'se Windmall Ranch Estate area, a golfing community that has also been home to formet Dolphins Hall of Fame quarterbackDan Marino. Julianne R.
Frank of in Palm Beach Gardensd is listed in the bankruptcty petitionas Kosar's attorney.