Ex-Celtic Antoine Walker Files for Bankruptcy, Lists $12.7 Million in Liabilities

If you earn $110 million in 13 years, you might be tempted to spend a lot of it.

But all of it?

Former Celtics star Antoine Walker filed for bankruptcy on Friday despite a reported income of $110 million earned over 13 seasons — 8 1/2 with the Celtics, reports The Chicago Sun-Times.

The 33-year-old was hit with a $2.3 million foreclosure lawsuit on his mother's mansion in Chicago recently, prompting the bankruptcy claim.

The claim alleges that Walker has $4.2 million in assets with $12.7 million in liabilities.

Some of these assets include a $20,000 watch and $6,000 Miami Heat championship ring from 2006.

Walker owes $1.2 million to casinos in Indiana and Las Vegas. He was charged with writing over $1 million worth of bad checks to the casinos in 2009 and negotiated a settlement, most of which he has yet to pay pay.

Other liabilities include $750,000 to the district attorney's office in Las Vegas as well as $500,000 to a former agent.

Walker said he spends $1,000 on clothes, $1,000 on recreation, $1,000 on transportation (excluding car payments), $1,200 in housekeeping and $1,000 in training per month.

He must have quite the extensive wardrobe.

Walker is requesting he retain his $2.3 million Miami home, $2,000 in cash and a $54,000 silver Range Rover. Gotta have the wheels.

How does he plan to pay off his debts?

One way might be by rejoining the NBA. He washed out of the league following the 2007-08 season when he came off the bench for the Heat, but is reportedly training with former coach Rick Pitino, reports USA TODAY.

According to Walker, he knows he has "one shot" to make it back into the NBA.

One can only hope that his shot will come with financial responsibility.

Yardbarker

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