O.J. Simpson’s Estate in Deep Financial Trouble
The estate of the late O.J. Simpson is facing a significant financial burden, with debts amounting to millions of dollars. The executor of his estate is taking drastic measures to collect funds to pay off creditors.
The executor is seeking to recover over $269,000 from one of O.J.’s homes in Las Vegas. The property, which was purchased in 2022, has increased in value by over $100,000. The executor claims that both the equity and the amount O.J. invested in the home belong to the estate.
The executor is also targeting O.J.’s son, Justin Simpson, who helped his father purchase the home. The executor believes that Justin may be able to provide information about the property and help the estate recover the funds.
In addition to the Las Vegas home, O.J.’s estate is facing a massive judgment of $33.5 million, which was awarded to the families of Nicole Brown Simpson and Ron Goldman in a 1997 wrongful death lawsuit. The judgment has since ballooned to around $100 million due to interest.
The estate is also grappling with a $500,000 tax lien from the State of California. The executor has expressed frustration over the lack of cooperation from O.J.’s family members and others in efforts to collect and liquidate the former football star’s assets.
Among the assets the executor is seeking to recover is O.J.’s Pro Football Hall of Fame ring, which has gone missing since his death. The executor is also looking to sell several of O.J.’s belongings at auction to raise funds for the estate.
The executor’s efforts to collect funds for the estate are expected to be an uphill battle, but they remain determined to pay off creditors and settle O.J.’s debts.