Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in federal court, listing more than $3.45 million in debts, according to court records reported by ESPN.
Rashee Rice filed in the US Bankruptcy Court for the Northern District of Texas on Wednesday. More than $2.1 million of the debts are tied to civil cases that have either been settled or are still awaiting trial.
The filing lists $677,054 in personal assets, including $421,825 in deferred compensation and $13,640 across three checking accounts. He also listed a Mercedes-Benz worth $53,800, jewelry worth $165,000 and his Super Bowl LVIII ring, valued at $160,000, which he put up as collateral with his civil attorney.
Rashee Rice, 26, is in the final year of a four-year, $6.5 million rookie contract. His base salary for 2026 is $1,560,711, and he is set to become a free agent in March 2027.
The gap between the debts and the assets is wide. The filing puts his liabilities at more than five times the value of the property he listed, and most of the money owed comes from lawsuits rather than from loans or credit cards.
Rashee Rice debts tied to 2024 Dallas crash
Rashee Rice has been sued by several people over a high-speed multicar crash in Dallas on March 30, 2024. The largest single debt in the filing is $979,837 owed to crash victim Kathryn Kuykendall under a settlement reached in 2025.
Other crash claims in the filing include $350,000 owed to Kamlesh Desai, $150,000 to Edward Petrovskiy and $150,000 to Irina Gromova. Rice is disputing about $700,000 in claims from the crash cases, and the filing lists his attorney Thomas McMurray as a secured creditor owed $185,226.45.
The crash happened on North Central Expressway in Dallas, and the lawsuits that followed have run for more than two years. The bankruptcy filing is the latest turn in legal fallout that began on the day of the crash and has since touched almost every part of his finances.
A separate claim comes from former girlfriend Dacoda Jones, who sued Rashee Rice in February 2026 and is seeking more than $1 million. The filing lists a $200,000 claim from Jones, which Rice is disputing.
Jones alleges in the suit that Rice assaulted her more than once over about a year and a half. The claim is separate from the crash cases, and it is listed in the filing as a disputed debt rather than an agreed sum.
What Chapter 7 means for Rashee Rice
Under Chapter 7, a trustee can sell non-exempt property to repay creditors. Rashee Rice listed $39,241 of his assets as non-exempt, and a meeting of creditors is scheduled for December 11.
Chapter 7 is used by people who cannot make regular monthly payments toward their debts. The process can discharge debts that qualify, after non-exempt assets are sold and the money is shared among creditors.
How the crash settlements and the disputed suits are treated will be decided in bankruptcy court. Some of the claims are settled sums, some are still disputed, and the court will have to sort out which debts can be discharged and which cannot.
A Chapter 7 case moves quickly once the filing is made. The trustee reviews the list of assets and debts, the creditors meet in December, and the court then decides which debts are discharged. Secured creditors, including McMurray, have a claim on the property put up as collateral, while unsecured creditors share what is left.
Rashee Rice pleaded guilty in July 2025 to two third-degree felonies and was sentenced to five years of probation and 30 days in jail. He also served a six-game NFL suspension.
On the field, Rice has played five games in 2026, catching 20 passes for 243 yards and two touchdowns. He was limited in practice on Wednesday, November 4, by hamstring and knee injuries.
His bankruptcy attorney, David Shuster, and the Kansas City Chiefs declined to comment on the filing, according to ESPN. The case remains pending in the Northern District of Texas.