By Mark Vester
In a follow-up to a story posted several weeks back, former heavyweight champion Evander Holyfield is getting his finances in order. Holyfield was under the gun with a variety of lawsuits pertaining to money and some reports had him listed as being on the verge of bankruptcy. He was sued by the mother of his 10-year-old son for failure to pay child support, he was also sued by a Utah consulting company for failing to repay a $550,000 loan. To make matters worse, his house was put on the auction block by Washington Mutual Bank because he defaulted on a $10 million loan.
Earlier today, Holyfield reached a settlement with his son's mother, paying the $9,000 he owed in back child support and coming to terms on future obligations. The settlement came before a court hearing where the attorney for his son's mother would have asked the judge to jail Holyfield.
Holyfield's home was recently taken off the auction block. He came to an apparent settlement with Washington Mutual Bank, but the details are said to be confidential due to privacy laws. But not everything has been settled, the lawsuit over the $550,000 loan is still ongoing.
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