Former Browns quarterback Bernie Kosar had his bankruptcy converted to a liquidation after a judge granted a court-appointed trustee's request. U.S. Bankruptcy Judge Raymond B. Ray in Fort Lauderdale, Fla., ordered Kosar's bankruptcy case to be changed to Chapter 7, according to court papers filed Jan. 6. Under Chapter 7 of the U.S. Bankruptcy Code, a trustee is automatically appointed to sell assets and distribute the proceeds to creditors. Source: Associated Press
