Former NBA Star Allen Iverson’s Bills Outweigh His Monthly Income

Contributing Writer Dec 4 12 3 Comments

Former NBA star Allen Iverson, is even more in debt than we know. He allegedly has more bills each month than his monthly income BUT why is he still rolling in a Maybach?!

TMZ reports, Iverson filed documents in the Georgia court as part of a divorce battle with Ex Tawanna Iverson which had to include his financial situation. Allen brings in $62,500 in monthly income, but his expenses are $358,376.66 per month. WHAT?! *blank stare*

According to the documents $125,749.33 is spent paying off various creditors, his mortgages and more. Other expenses include: $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants…. Iverson who in his career has made over $150 million in the NBA is in the hole  $295,876.66 each month. Currently he rides around in his FULLY paid off Maybach and is worth between $34-40,000. He still has his Maybach (which is fully paid off) … and reportedly worth between $340k – $400k.

3 Comments to “Former NBA Star Allen Iverson’s Bills Outweigh His Monthly Income”

  1. Nika says:

    N*gga tendencies…smh.

  2. [...] TMZ  reports that he has filed legal documents to put a stop on the auction. His $4.5 million mansion is supposed to go up for auction on December 4th. Iverson put a block up when filing document to stop the auction for now. He is defaulted on the $1.2 million mortgage. Iverson filed a lawsuit against the home lender trying to take the home and clams he never consented the loan. He claims his ‘wife’ almost ex as they are going through at divorce had signed for the mortgage to hurt him. She signed and agreed to financial terms she knew he couldn’t meet. The lawsuit he put up has put a hold on the entire foreclosure proceedings. [...]

  3. [...] Iverson is requesting a new judge in his divorce case. He is claiming the current judge unethically does legal favors for campaign contributors. Iverson [...]

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