Young took out a high-risk loan during the 2011 NFL lockout with a company called Pro Player Funding. He was taken to court after he defaulted on the loan, during which the court ruled in favor of Pro Player Funding, leaving Young with a $1.7 million debt.
Young is allowed to keep up to $60,000 as exemptions. His other possessions will be taken to be put on sale in a public auction.
The Tennessee Titans dropped Young, and he later played two short stints in Philadelphia and Buffalo. His NFL career is unlikely to continue.
Young was the third draft pick in 2006, and his first contract was for $26 million.
Swim Week Miami Beach 2014 [PHOTOS]