Colorado Football Safety Shilo Sanders has not continued to pay his 2023 Mercedes-Benz payment for his 2023 Mercedes-Benz, leading the auto company’s financial services department to seek relief from the court, according to court records filed by Mercedes-Benz Financial Services on Tuesday, with Sanders filing for bankruptcy in 2023 with debt of more than $11 million.
The company said Colorado coach Deion Sanders’ son, Sanders, paid $6,877 in monthly payments from December to February. It also noted that Sanders had an outstanding balance of $97,239, while the car’s retail value was below $97,000.
As a result, the company hopes the court will allow the ownership of the car and asks Sanders to provide its location.
NFL draft prospect Sanders filed for bankruptcy in October 2023, hoping to repay more than $11 million in debt – almost all of it is attributed to a man, John Darjean, who was a security guard at his former Texas school.
Chapter 7 The bankruptcy filing triggers automatic stay or debt collection work for him. However, Mercedes-Benz Financial Services now believes that in this case, it should be entitled to be freed from such accommodation.
“The value of the motor vehicle is depreciated, the contract is default, and the automatic stay action (Mercedes-Benz Financial Services) is blocking its remedies to reclaim and liquidate its collateral.”
Shilo Sanders, 25, agreed to buy the $135,000 car in May 2023, months before his filing for bankruptcy, records show. According to the company, he continued to pay after filing for bankruptcy, but recently defaulted.
“The debtor (Sanders) expressed his intention to retain the motor vehicle and reaffirm his obligations,” the company document said. “The debtor has not fulfilled this intention yet.”
Shilo Sanders’ bankruptcy stems from an incident in 2015 when Darjean said Shilo caused serious and permanent damage when he tried to seize his cell phone at school. Shilo was only 15 years old at the time and said he was in self-defense and Dagen was the invader. But Dargian sued Hilo for compensation. When the case was finally tried in Dallas in 2022, Shilo did not appear, resulting in a $11.89 million breach of his verdict.
Shilo then filed for bankruptcy, hoping to get a “new starting point”, but there was no such debt. In response, Dagen is still working to ow him the debt from the judgment and filed two complaints designed to prevent the debt interpretation.
