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Kosar, who lives in the Fort Lauderdalde suburbof Weston, listed assets of $1 millionn to $10 million and liabilities of $10 million to $50 million in the filing in His bankruptcy isn't a total The South Florida Busineses Journal reported Kosar has seen some of his real estates and restaurant investments flounder during the recession. had three of top five positionxs on a list of unsecured lenderzin Kosar's bankruptcy petition. Floridwa Bank's claims totaled $9.6 million. In May, Kosar and his Boardwalj LLC losta $2.9 milliojn foreclosure judgment on a 36-unit apartment building to Florida Bank in Pinellas County Circuit In April, Kosar and his Oakmont LLC lost a $3.
3 millioh foreclosure judgment to Florida Bank in Hillsborough County Circuirt County over a Tampa apartment building. The bank also had a foreclosuree lawsuit pending in Pinellasa County against Kosar and hisPCV LLC. A $3.1 millioh personal guaranty to $3.04 million to his ex-wifs Babette J. Kosar $725,00 0 in a disputed loan involvinbg attorney Jim Ferraro of CoralGables $1.4 million totao on three claims involving the Browns $231,09r4 to the Many South Florida and Cleveland sports fans remembetr Kosar for his stellar success on the He led UM to its firstt football national championship in 1984, then playe 12 seasons in the NFL, mostly with the Clevelancd Browns.
Kosar, now 45, played his final season with thein 1996. The UM truste is a minority owner of boththe NHL’s and the Clevelandd Gladiators, an Arena Football League team that sat out the past seaso n along with the rest of the The (Cleveland) Plain Dealer reportedr that the Gladiators lost $2 milliobn 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 mergin g the team with a New York company, Streey & Smith’s , a sister-publication, has reported. Bernid Kosar’s Steakhouse was evicted from its South Miamij spacein November.
Kosar also faces significanty tax problems, including $59,881 in unpaid propertyy taxes on his Weston home and acombined $93,648 in federal tax liens against him over his personal incomw taxes, including some years filed jointly with the Business Journal reported in May. Kosar did fully pay a separate $228,8056 federal tax lien placed on him inJuly 2008. When The Plain Dealer questioned Kosar about those previously unpaid taxes in Kosar said some bills were lost in the shuffl duringhis divorce.
“Divorce is difficult enougy asit is, especially for someone who wasn’yt really looking to do that,” he told the “So, who owes what and all of that become hard, but whatever I owe, obviously I wouldx pay.” Kosar’s home, at 2940 Paddock Road, is lister online at Realtor.com at $3.5 million. It was purchaseed for almost the same amountin 2006. The 9,901-square-foogt home, built in sits on 1.09 acres and has seven bedroomwand 7.5 baths. It's locater at the end of a cul-de-sav on the water in Weston's Windmal l Ranch Estate area, a golfing communit y that has also been home to former Dolphins Hall of Fame quarterback Dan Julianne R.
Frank of in Palm Beach Gardensw is listed in the bankruptcy petitionas Kosar'se attorney.
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