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Bankruptcy case forces NBA star to sell championship ring Atlanta, GA

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Bankruptcy case forces NBA star to sell championship ring

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Former professional basketball player Antoine Walker has reportedly found a buyer for his National Basketball Association Championship ring, which he was forced to put on the market as part of his bankruptcy case. Walker will reportedly receive $21,500 for his championship ring, which he earned in 2006 while playing for the Miami Heat.

Walker sought bankruptcy protection after his NBA career ended in 2007. At the time of his bankruptcy filing, Walker had nearly $13 million in debt and just $4 million in assets. He has been working to repay those debts ever since he filed for bankruptcy, selling real estate, personal and professional items such as the diamond-studded championship ring.

The bankruptcy filing represents the end of a fast fall for Walker. After beginning his professional basketball career with the Boston Celtics in 1996, Walker played for the Dallas Mavericks, Atlanta Hawks, and finally the Heat, with whom he won the NBA championship in 2006.

After reportedly making $110 million over 12 years, Walker quickly spent what he earned, buying real estate, cars, jewelry and other large-ticket items. In 2009, he was arrested in connection with nearly $1 million in gambling debts.

Walker is currently working to reclaim some of his former earning power, but reports indicate that the process is not going well. The outcome of those efforts, as well as his bankruptcy case, remains to be seen.

Even if you were not a high-earning NBA star, you may be forced to sell some sentimental and significant items in your bankruptcy case. An experienced bankruptcy attorney can discuss your options in this regard.

Source: The Huffington Post, “Antoine Walker Sells Miami Heat 2006 NBA Championship Ring for $21,500: report,” Mar. 20, 2012

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Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

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Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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