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Kenny Anderson was broke the day he left the NBA, despite earning $63 million in salary. After filing for bankruptcy, he became a K-12 school teacher. Jack Clark filed for bankruptcy twice, in 1992 and 2018, the latter with his wife. [32] Lenny Dykstra filed for bankruptcy in 2009.
But Portis filed for Chapter 11 bankruptcy and was basically broke by 2009. Portis told Sports Illustrated that trusting the wrong people was a major contributor to his financial downfall.
What’s less understandable is that a good number of these wealthy individuals end up filing for bankruptcy at some point in their lives. Especially famous athletes, who make all of their money ...
Discover: Famous Athletes Who Have Gone Broke. T-Boz and Chilli of TLC. TLC (T-Boz and Chilli): Debt and Underpayment. ... In her 2010 bankruptcy, she listed assets up to $10 million and debts ...
Bankruptcy fraud, concealment of assets, money laundering 6 + 1 ⁄ 2 months imprisonment, 500 hours community service, $200,000 in restitution [231] Released in June 2013 after serving a total of 13 months (7 while awaiting sentencing, 6 + 1 ⁄ 2 afterwards). Placed on probation for three years and also ordered to complete substance abuse ...
A TMZ report last week revealed that former NFL star Chris McAlister has joined the bread line of pro athletes gone broke. McAlister, a three-time Pro Bowl choice with the Baltimore Ravens, is ...
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
An eye-opening Sports Illustrated study in 2009 that included interviews with athletes, agents and financial advisors found that 78% of former NFL players had gone bankrupt or were under financial ...