Former Steelers Center Dermontti Dawson Files for Bankruptcy

Former Steelers center Dermontti Dawson has filed for Chapter 7 bankruptcy, The Herald-Leader reports. According to his filing in U.S. Bankruptcy Court in Lexington, Kentucky, Dawson lists $1.417 million dollars in assets and $69.659 million dollars in liabilities, many of which are real estate ventures.

His debts, according to the documents, are primarily business-related. Many of the people and entities on a list of creditors included in Dawson’s bankruptcy filing appear to be connected to real estate ventures in which Dawson has been involved.

“Unfortunately, my personal guaranty exposure on the debts of numerous real estate interests has led to the Chapter 7 filing. Today’s real estate market and economic conditions, plus the fact that I own non-controlling minority interests in the entities which own the real estate, left me with limited options. I certainly wish things had turned out differently and look forward to continuing my contributions to this community,” Dawson said on Thursday.