Another Former NBA Player Files For Bankruptcy
This hasn’t been the best of years for former NBA players when discussing their fiancees as we learned about the millions that have been lost from Antonie Walker and Derrick Coleman. Now former Detroit Pistons star Rick Mahorn has joined the group after filing for Chapter 7 bankruptcy.
Mahorn and his wife had to file after several failed investments, a drop in value of a $500,000 Rochester Hills home they bought and efforts to repay an IRS debt. Public records show that since 2006 the IRS has filed liens for almost $214,000 in delinquent taxes against Mahorn.
Mahorn played for the Washington Bullets,Philadelphia 76ers,New Jersey Nets, and was a member of the Pistons 1989 championship team from the Bad Boys era. He also coached the WNBA’s Detroit Shock before the team relocated to Tulsa, Okla. He is currently the Pistons radio announcer.