April 3rd, 2012 by faye
Ex-NBA star Antoine Walker is officially free and done with his bankruptcy case – so now, the Idaho Stampede forward can breathe easily.
As previous reports have stated, 35-year-old Walker had to liquidate his property to pay back his creditors, and it included an NBA championship ring he won when he was still a member of the Miami Heat in 2006. But now Antoine Walker – who was in debt for $12.7 million despite reportedly making $110 million in his NBA career – has been discharged from his bankruptcy case by a Federal judge on March 21.
As part of the bankruptcy case, Antoine Walker completed a personal finance management course on March 16. However, there are still some loose ends for his bankruptcy trustee, the biggest one involving “Basketball Wives” star Evelyn Lozada, Walker’s ex-fiancée. It is previously reported that the trustee is going after Lozada for $500,000 Walker gave to Lozada, allegedly under fraudulent terms. The said case is still pending.
March 21st, 2012 by faye
Idaho Stampede forward Antoine Walker was reportedly forced to sell his NBA championship ring as part of his bankruptcy settlement.
The NBA star filed for bankruptcy at the end of 2010. Since then, he has been forced to sell off his four homes in Miami and Chicago totaling $4.3 million. However, 35-year-old Antoine Walker is in debt for $12.7 million. The most recent valuable he had to sell was his NBA championship ring which he earned while playing for the Miami Heat. According to the reports, Antoine Walker had to liquidate his property to pay back his creditors – including his ring, which has been sold to a man named Andres Garcia for $21,500. A judge needs to sign off on the deal before any money is exchanged.