DELRAY BEACH — Despite an estimated $15 million in boxing career earnings and his use of $150,000 of his own money to run his campaign for the U.S. Congress, Jameel McCline is financially KO, according to federal court records.
It’s yet another story about the man who’s challenging longtime incumbent and disgraced judge Alcee Hastings that The Palm Beach Post hasn’t told its readers: Earlier this year, McCline filed for bankruptcy — and reported being in the hole by almost $500,000!
– UPDATE: On Aug. 26, McCline was defeated by incumbent U.S. Rep. Alcee Hastings, McCline earned just shy of 7 percent of the votes
According to the Chapter 7 filing, McCline is earning about an average $3,491 a month from personal training and boxing commentary on the EPIX network — but his expenses are about $5,345, according to the paperwork.
He owes nearly $60,000 in back taxes, $183,000 to a bank after his house was foreclosed on, and $9,500 to Capital One credit cards. He’s had three cars repossessed, owes medical bills and a recent $38,586 judgment in a business deal gone bad.
“Big Time” McCline, who was forced to apologize yesterday after Gossip Extra first published a video tape of him calling a man “faggot” and his mom “a retard,” hung up the phone when we asked him to comment on the bankruptcy this morning.
One question was how he managed to cull together $150,00 for his congressional run despite the bankruptcy.
McCline won’t say.
By the way, the bankruptcy case was closed after it became apparent that the dozen or so creditors will probably not be paid.
On the campaign trail, McCline, 44, has been hawking his personal story of rags, and prison for the sale the guns, to riches after 47 professional heavyweight fights, including bouts against Shannon Briggs and Wladimir Klitschko.
McCline’s next fight is at the ballot box Tuesday in the Democratic primary.