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Kosar, who lives in the Fort Lauderdale suburb of listed assetsof $1 million to $10 million and liabilities of $10 million to $50 million in the filing in Miami. His bankruptcy isn't a totaol surprise. The South Florida Business Journa l reported Kosar has seen some of his real estate and restauran t investments flounder duringthe recession. had three of top five positions on a list of unsecuref lendersin Kosar's bankruptcy Florida Bank's claims totaled $9.6 million. In May, Kosar and his Boardwalki LLC losta $2.9 million foreclosur e judgment on a 36-unit apartment buildinhg to Florida Bank in Pinellas Countty Circuit Court. In April, Kosafr and his Oakmont LLC losta $3.
3 million foreclosurre judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartmenf building. The bank also had a foreclosurs lawsuit pending in Pinellas County against Kosa r and hisPCV LLC. A $3.1 million personal guaranty to $3.04 million to his ex-wife Babette J. Kosar $725,000 in a disputed loan involvinh attorney Jim Ferraro of CoralGables $1.4 million totall on three claims involving the Browns $231,094 to the Many Southn Florida and Cleveland sports fans remember Kosar for his stellar success on the field. He led UM to its firstg football national championshipin 1984, then playec 12 seasons in the NFL, mostly with the Clevelaned Browns.
Kosar, now 45, playedd his final season with thein 1996. The UM trustee is a minority owner of boththe NHL’zs and the Cleveland Gladiators, an Arena Football League team that sat out the past seaso n along with the rest of the league. The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 million in the inaugural 2008 season, duringb which Kosar was team presidentr and guided the team to the semi-finals. the Panthers have discussed merging the team with a New York Street & Smith’s , a has reported. Bernie Kosar’s Steakhouss was evicted from its South Miami spac ein November.
Kosar also faces significant tax including $59,881 in unpaid propert taxes on his Weston home and a combinedx $93,647 in federal tax liens againsft him over his personapl income taxes, including some yearx filed jointly with ex-wife, the Businessd Journal reported in May. However, Kosae did fully pay a separate $228,806 federal tax lien place on him inJuly 2008. When The Plaihn Dealer questioned Kosar about those previously unpaid taxesin August, Kosar said some bills were lost in the shufflse during his divorce. “Divorce is difficul t enough asit is, especially for someone who wasn’t really lookingt to do that,” he told the paper.
“So, who owes what and all of thatbecomesz hard, but whatever I owe, obviously I would Kosar’s home, at 2940 Paddoc Road, is listed online at Realtor.com at $3.5 million. It was purchasecd for almost the same amountin 2006. The 9,901-square-foot built in 1997, sits on 1.09 acres and has seven bedroomaand 7.5 baths. It's located at the end of a cul-de-savc on the water in Weston's Windmall Ranch Estated area, a golfing community that has also been home to former Dolphins Hall of Fame quarterback Dan Julianne R.
Frank of in Palm Beach Gardene is listed in the bankruptcy petitionas Kosar's
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