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Bankrutpcy News » Chapter 13 Bankruptcy

Hall of fame punter to auction off Super Bowl rings in wake of Chapter 13 bankruptcy filing

By Kristen MacBeth
August 5th, 2011

Former NFL punter Ray Guy recently filed for protection under Chapter 13 bankruptcy law and now is selling the three rings he accrued as member of the Los Angeles and Oakland Raiders Super Bowl teams.

Former NFL punter Ray Guy recently filed for protection under Chapter 13 bankruptcy law and now is selling the three rings he accrued as member of the Los Angeles and Oakland Raiders Super Bowl teams.

“I don’t want to talk about it,” Guy told the Augusta Chronicle when reached for comment. “I’m not trying to be hateful, but sometimes you’ve got to do what you’ve got to do.”

Guy won the rings following the 1976, 1980 and 1983 NFL seasons and received authoriziation to sell them following his bankruptcy filing in April 2010.

Nate Sanders, auctioneer of the rings, told CBS Sports he estimates the value of the three rings to be between $75,000 and $90,000.

Under Chapter 13 bankruptcy, the debtor is allowed to keep all of their assets while paying back their creditors under an approved repayment plan. Guy will use the proceeds from the sale of the rings to go toward the repayment plan.

Guy, 61, played for 14 years and went to seven Pro Bowls, and is considered one of the greatest special-teams players of all time.



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