News 12 @ 11 o'clock -- April 5, 2009
MARTINEZ, GA --- The for sale sign is up and the doors are closed at Marshall Realty just days after a judge approved former Hephzibah high standout and former NFL player Arthur Marshall's bankruptcy filing be converted from a Chapter 11 to a Chapter 7.
The court is liquidating all of his assets to pay at least 48 creditors. Arthur Marshall's assets stand at 13 million dollars, but he owes more than 10 million to at least 7 different banks alone.
According to the documents filed, Marshall owes Wachovia 2.8 million dollars and Augusta First Bank and Trust another 2.3 million dollars. The filing also shows he owes more than $36,000 in taxes in five counties. In Columbia County, his debts total almost $25,000 and in Richmond County it's more than $10,000.
And there is hundreds of thousands owed to other local business from plumbing, to paint, to concrete.
Marshall was a football star at Hephzibah High School. He went to the University of Georgia and played with the Denver Broncos and New York Giants in the NFL in the 1990's. He also coached Augusta's indoor football team Augusta Heat back in 1999.
Marshall is not facing any charges at this time.
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