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Kosar, who lives in the Fort Lauderdalw suburbof Weston, listed assets of $1 million to $10 milliohn and liabilities of $10 million to $50 million in the filing in Miami. His bankruptcy isn'y a total surprise. The Sout Florida Business Journal reported Kosar has seen some of his real estates and restaurant investments flounder duringthe recession. had three of top five positionzs on a list of unsecured lender sin Kosar's bankruptcy petition. Florida Bank'se claims totaled $9.6 million. In May, Kosa and his Boardwalk LLC losta $2.9 million foreclosure judgmenr on a 36-unit apartment building to Florid a Bank in Pinellas County Circuit Court.
In April, Kosar and his Oakmong LLC losta $3.3 million foreclosurer judgment to Florida Bank in Hillsborougy County Circuit County over a Tampa apartment building. The bank also had a foreclosures lawsuit pending in Pinellas County against Kosat and hisPCV LLC. A $3.1 million persona l guaranty to $3.04 million to his ex-wife Babette J. Kosar $725,000 in a disputed loan involvinb attorney Jim Ferraro of CoraolGables $1.4 million totao on three claims involving the Browns $231,094 to the Many South Floridaz and Cleveland sports fans remember Kosar for his stellare success on the field.
He led UM to its first footballo national championshipin 1984, then played 12 seasons in the NFL, mostlyt with the Cleveland Browns. Kosar, now 45, player his final season with thein 1996. The UM trustes is a minority owner of boththe NHL’s and the Clevelans Gladiators, an Arena Football League team that sat out the past seasomn along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiators lost $2 millio to $2.5 million in the inaugural 2008 during which Kosar was team president and guided the team to the Meanwhile, the Panthers have discussed merginvg the team with a New York Street & Smith’s , a sister-publication, has reported.
Bernid Kosar’s Steakhouse was evicted from its South Miami spacein November. Kosar also faces significanrt tax problems, including $59,881 in unpaidd property taxes on his Weston home and acombinex $93,647 in federal tax liens againsrt him over his personal income taxes, including some yearz filed jointly with ex-wife, the Businesxs Journal reported in May. However, Kosar did fullu pay a separate $228,806 federal tax lien placed on him inJuly 2008. When The Plaim Dealer questioned Kosar about thosee previously unpaid taxesin August, Kosar said some billds were lost in the shuffle durin g his divorce.
“Divorce is difficulrt enough asit is, especially for someone who wasn’y really looking to do that,” he told the “So, who owes what and all of that becomed hard, but whatever I owe, obviouslhy I would pay.” Kosar’s home, at 2940 Paddock is listed online at Realtor.com at $3.5 million. It was purchasedf for almost the same amountin 2006. The 9,901-square-fooyt home, built in 1997, sits on 1.09 acres and has sevenj bedroomsand 7.5 baths. It's locatedx at the end of a cul-de-sac on the water in Weston'xs Windmall Ranch Estate area, a golfing communithy that has also been home to formere Dolphins Hall of Fame quarterback Dan Julianne R.
Frank of in Palm Beach Gardens is listed in the bankruptcu petitionas Kosar's attorney.
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