Rashee Rice Files for Chapter 7 Bankruptcy With $3.45 Million in Debt

Kansas City Chiefs wide receiver Rashee Rice filed for Chapter 7 bankruptcy on Wednesday in the U.S. Bankruptcy Court for the Northern District of Texas, disclosing more than $3.45 million in debts against $677,054 in assets.

Debts Arising from Dallas Collision

Over $2.1 million of Rice’s financial obligations trace back to civil litigation tied to a high-speed multi-vehicle collision in Dallas in March 2024. According to court records cited by ESPN, Rice was driving a Lamborghini Urus at 119 mph when he lost control and hit a median wall, triggering a crash involving multiple vehicles.

Kathryn Kuykendall, who was a passenger in an Uber struck during the incident, reached a $1 million civil settlement with Rice in April 2025, according to reporting from NDTV Sports. Her attorney, Marc Lenahan, stated that the initial payment could not be fulfilled due to a lack of funds in Rice’s account. Court filings indicate that Kuykendall’s claim remains the largest outstanding debt, with $979,837 still owed.

First National Bank of Middle Tennessee is owed $207,104.40 by Rice for a business debt-personal guarantee, while First National Bank in Killeen, Texas, is owed $140,150 for an unsecured loan. He served an additional 30 days in jail this year following a positive marijuana test that violated his probation terms. The league did not punish Rice over the assault allegations.

Rice pledges Super Bowl ring to attorney

Rice pledged his Super Bowl LVIII ring—valued at $160,000—as collateral to his attorney, Thomas McMurray, who is owed $185,226.45 for legal services, according to Aol. McMurray is Rice’s attorney in the pending civil litigations.

The Chapter 7 filing outlines $677,054 in total personal assets. Under Chapter 7 guidelines, non-exempt property is made available to satisfy creditors; Rice’s filing classifies $39,241 of his assets under that non-exempt category, as reported by NDTV Sports. As stated in the bankruptcy documentation, this type of bankruptcy is meant for people struggling with monetary issues that stop them from clearing their liabilities, provided they agree to surrender non-exempt assets to satisfy those to whom money is owed.

Donald Hood, a bankruptcy attorney not involved in the case, explained the mechanics of the proceeding to FOX 4 News Dallas-Fort Worth.

The only other way that he could qualify for a Chapter 7 is if a debtor could establish that 51% or more of his total debt is business-related

Donald Hood, Bankruptcy Attorney

Hood added regarding potential recovery for claimants:

Something, but probably nowhere approximating the amount of their claims

Donald Hood, Bankruptcy Attorney

Rice plays final year of rookie contract

Rice is currently playing out the final year of his four-year rookie contract, which carries a total value of $6.5 million and a 2026 base salary of $1.6 million ($1,560,711), according to ESPN. Despite missing time due to a hamstring and knee injury earlier in the season and serving a six-game NFL suspension in 2025 related to the crash, Rice has recorded 20 receptions for 243 yards and two touchdowns across five appearances this year. In 2023, he caught for 938 yards and seven scores as the Chiefs won the Super Bowl.

Following his limited participation in Wednesday’s session, Rice advanced to a full participant on Thursday, increasing the probability that he will suit up for Sunday’s home matchup against the New York Jets, according to Heavy.

Bleacher Report’s Moe Moton expects Kansas City to look elsewhere, noting that Xavier Worthy, a 2024 first-rounder, hasn’t taken a third-year leap to become a well-rounded receiver, and pointing to Indianapolis Colts wideout Josh Downs as a priority for general manager Brett Veach.

A meeting of creditors is formally scheduled for December 11.

Earlier coverage: Chiefs WR Rashee Rice files for bankruptcy after crash debt

More on Rashee Rice: Chiefs Expect Rashee Rice to Return Against Broncos