Former NBA Star Antoine Walker Faces Foreclosure, Declares Bankruptcy
Former NBA star Antoine Walker made approximately $110 million in his 13-year pro career playing for the Boston Celtics, Miami Heat, Dallas Mavericks, Atlanta Hawks, and Minnesota Timberwolves. He was a member of the NBA All-Rookie First Team, named an NBA All-Star three times and won an NBA Championship while playing for the Miami Heat in 2006. And now he’s broke.
Walker has filed for bankruptcy and faces foreclosure on the Tinley Park home (photo above) he purchased for his mother. Reportedly, Walker has missed three months of payments and the bank is owed more than $2.28 million. Another of Walker’s homes in Miami, FL, is currently on the market for $3.4 million (photo below). According to Crain’s, he has liabilities of $12.74 million vs. assets of $4.28 million, including his NBA Championship ring, which is valued at $6,000, two Range Rovers, and a $20,000 designer watch. (See more celebrity foreclosures).
And this is just the tip of the iceberg for Walker. On Monday, Walker was ordered to stand trial for non-payment of almost $1 million in gambling debt he accumulated between July 2008 and January 2009 at Caesars Palace, Planet Hollywood and the Red Rock Resort. He could face up to 12 years in prison, if convicted.
In addition to the Tinley Park and Miami homes, Walker is also involved in Walker Ventures LLC and AW Realty LLC, which is accused of slum housing in Chicago’s South Side.
Walker no longer plays for the NBA (he retired in 2008), but did play this year for Puerto Rico’s Guaynabo Mets.
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