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Antoine Walker files for bankruptcy


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Former Miami Heat forward Antoine Walker has filed for personal bankruptcy protection, Crain's Chicago Business has reported.

 

Crain's said Walker filed for Chapter 7 after being served with a $2.3-million foreclosure suit on a suburban Chicago home he bought for his mother.

 

Walker lists liabilities of $12.74 million and assets of $4.28 million in the filing, the report said. Among the assets listed is his 2006 Heat NBA championship ring. Value: $6,000.

 

Walker also lists a home in Miami among his assets, Crain's reported.

 

The foreclosure and bankruptcy are the latest in a series of legal and financial troubles for Walker, who earned more than $110 million over 13 NBA seasons.

 

Source: http://www.sun-sentinel.com/sports/miami-heat/fl-antoine-walker-bankruptcy-0528-20100527,0,7362845.story

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It's really sad that so many players have no idea how to manage their money.

yeah...it honestly is. they just don't have the education on what to do with it coming up...so stupid.

 

like eddy curry taking a loan with 84% interest rate...are you kidding me??/

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yeah...it honestly is. they just don't have the education on what to do with it coming up...so stupid.

 

like eddy curry taking a loan with 84% interest rate...are you kidding me??/

Lol serious? 84 percent? LOLOLOLOL wow :lol:

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