Profiles in bankruptcy: Johnny Unitas

Brad Perri is a Minnesota bankruptcy attorney and occasional guest poster for Caveat Emptor.

We all have gifts in life. Some of us are good at football. Some of us are good at money. Others of us are good at neither.

Johnny Unitas of the Baltimore Colts was arguably the greatest player who ever played in the NFL. But although Johnny had a golden arm, he did not have a golden touch with business.

Multiple business failures after retiring from football left Johnny in the position where he filed for bankruptcy. But who cares about the bankruptcy of Johnny Unitas? What Unitas is remembered for are his accomplishments and, judging from his biography, Johnny U: The Life and Times of Johnny Unitas, he is most remembered for being a loving and honorable father and friend.

So keep things in perspective. Bankruptcy is just business and is soon forgotten. Your family and friends are what you will be remembered for.

(photo: Baltimore Sun)