During Antoine Walker’s 15-year career in the National Basketball Association he’s played for five different teams and earned $110 million. However, in 2010 he filed for bankruptcy protection, citing liabilities that outweighed his assets by $9 million. At the root was a gambling problem he had nursed for some time; it was also behind his 2009 arrest for writing $800,000 in bad checks to three Las Vegas casinos.
Walker’s bankruptcy filing listed a 7,000-square-foot, five-bedroom home in Boca Raton, Fla., worth $2 million that was saddled with a $4 million mortgage. The home sat on the market for a long time without attracting a buyer. However, that changed when it went into foreclosure, at which time the price dropped to $1.8 million and it sold quickly.