Shilo Sanders Files for Bankruptcy Amid $12 Million Judgment
Denver, CO – Shilo Sanders, defensive back for the Colorado Buffaloes and son of renowned football coach Deion Sanders, has filed for bankruptcy following a substantial $12 million judgment against him. The judgment stems from a 2015 incident during his high school years, where he was accused of assaulting a school security guard, John Darjean.
In October 2023, Sanders declared liabilities totaling $11.3 million, including the court judgment, and assets amounting to $478,000. These assets comprised a 2023 Mercedes valued at $75,900 and necklaces appraised at $75,000. However, in December 2023, Sanders’ attorney amended the bankruptcy petition, reducing the asset valuation to $320,000 and removing the high-value necklaces from the list. The attorney stated that these necklaces were on loan as part of a Name, Image, and Likeness (NIL) deal with Saki Diamonds. (en.wikipedia.org)
Darjean has contested Sanders’ bankruptcy filing, alleging that Sanders transferred funds from his NIL deals to his company, Big 21, LLC, to shield assets from the judgment. Sanders has admitted to not disclosing several social media NIL deals and acknowledged ownership of Big 21 LLC and SS21 LLC but denied any improper concealment of contracts related to these companies. (en.wikipedia.org)
In December 2024, federal bankruptcy Judge Michael E. Romero allowed Sanders’ bankruptcy case to proceed, focusing on whether the 2015 incident was "willful and malicious." This decision means that Sanders’ attempt to discharge his debt continues, with a trial to determine his intent during the altercation. (yardbarker.com)
As of April 2025, Sanders continues to play for the Colorado Buffaloes, balancing his athletic commitments with ongoing legal proceedings.
Shilo Sanders’ Bankruptcy Case Developments:
- Shilo Sanders receives significant ruling by federal judge in bankruptcy case | Yardbarker
- Shilo Sanders’ bankruptcy case: Judge issues another set of rulings over NIL deals
- Bankruptcy judge issues new ruling in case of Colorado football player Shilo Sanders
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