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Eddie Curry is bankrupt

  • crzy
  • Veteran
  • Posts: 39,280
This guy has to be the least intelligent athlete of all time.


Quote:
NEW YORK -- New York Knicks center Eddy Curry defaulted on a $570,000 personal loan while keeping up a lifestyle that included a $17,000-a-month suburban New York home, a $6,000-a-month personal chef and a dozen cars he'd bought for himself and relatives, a judge said.

On Friday, a Manhattan court ordered Curry to pay $75,000 a month to lender Allstar Capital Inc. to resolve a debt that swelled to $1.2 million with interest. The court also has issued an order letting Las Vegas-based Allstar seize three of the cars: a Rolls Royce Phantom convertible and two Land Rover SUVs, all 2009 models.

Lawyers for both Curry and Allstar said Monday they were headed toward a settlement that would make the order moot. They wouldn't disclose terms.

Curry's lawyer, Mercedes Colvin, would say only that she believed the two sides had reached "a mutually satisfactory resolution of the matter."

Curry earned $10.5 million this season and is scheduled to make $11.3 million next season in the final year of his contract. But the former No. 4 pick in the NBA draft has been dogged by financial and legal problems in recent years.

He took out the $570,000 personal loan in February 2008, promising to pay it back in five months at a nearly 85 percent annual interest rate -- legal in Nevada, according to Allstar lawyer Donald N. David.

Curry argued he couldn't pay off the debt at $75,000 a month because of his existing bills, which include $30,000 a month in household expenses at his family's White Plains, N.Y., home, nearly $17,000 a month in payments to various other relatives and more than $1,000 a month in cable and satellite TV service, according to the court order. It said his wages already are garnished for more than $207,000; the order didn't explain why, and lawyers wouldn't elaborate.

The 7-foot center also suggested the vagaries of his basketball career should keep him from paying, noting his ending contract. State Supreme Court Justice Jane S. Solomon pronounced those concerns "irrelevant."

Curry has played only 10 games over the last two seasons, sidelined by injuries, illness and ineffectiveness.

Much of his time off has been spent fighting legal problems. He was sued by his former limo driver, who alleged verbal abuse and sexual harassment; that case is headed for court-ordered arbitration. He also was drawn into a custody battle over his then 3-year-old son, Noah Henry, after the murder of his former girlfriend last year.

Curry also sued his former agent and business manager after a bank moved to foreclose on Curry's $3.7 million home near Chicago.
And LeBron is working w/ him...
  • crzy
  • Veteran
  • Posts: 39,280
Quote:
He took out the $570,000 personal loan in February 2008, promising to pay it back in five months at a nearly 85 percent annual interest rate




Quote:
85 percent annual interest rate





Quote:
85 percent annual interest rate



[ Edited by crzy on May 24, 2010 at 6:38 PM ]
  • crzy
  • Veteran
  • Posts: 39,280
Originally posted by crzy:
than $1,000 a month in cable and satellite TV service





WhAT THE f**k Channells is this dude getting? You'd better be picking up alien teleivison signals for $1000 a month.
Originally posted by crzy:
Originally posted by crzy:
than $1,000 a month in cable and satellite TV service





WhAT THE f**k Channells is this dude getting? You'd better be picking up alien teleivison signals for $1000 a month.

Even his lawyer is a Mercedes.
I've seen race horses with 3 broken legs that deserve to live more than this tool bag.


(No offense?)
[ Edited by IWASATTHECATCH on May 24, 2010 at 7:28 PM ]
Originally posted by crzy:
Quote:
He took out the $570,000 personal loan in February 2008, promising to pay it back in five months at a nearly 85 percent annual interest rate




Quote:
85 percent annual interest rate





Quote:
85 percent annual interest rate




much better gif here crzy
  • crzy
  • Veteran
  • Posts: 39,280
I bet Curry thought that "interest rate" meant how much he had to pay attention to the bank representative while negotiating the terms of the loan.

Eddy was too busy thinking about how he was going to pay his private "cook" $6,000 a month to drive to KFC for him.
.
[ Edited by crzy on May 24, 2010 at 8:26 PM ]
quoting one of my favorite movies, Major Payne,

"You'll get no sympathy from me. You want sympathy, look in the dictionary between $hit and syphillis. That's where you'll find my sympathy."


*sigh*

-9fA
[ Edited by 9erfanAUS on May 24, 2010 at 7:50 PM ]
Originally posted by crzy:
Quote:
He took out the $570,000 personal loan in February 2008, promising to pay it back in five months at a nearly 85 percent annual interest rate




Quote:
85 percent annual interest rate





Quote:
85 percent annual interest rate




agreed with turiaf
  • SLICK
  • Veteran
  • Posts: 11,197
I wonder what he spends on groceries???
it gets funnier

•$30,000 a month in household expenses, not counting $1075 a month for cable and satellite TV service. Dude must be getting porn channels us regular folk haven't even heard of.
•$6,000 a month for a personal chef. If he lowered that to $5,000, he probably wouldn't have clashed with Mike D'Antoni about his weight.
•$350,000 he owes Juwan Howard, for reasons that we're afraid to look into.
•$17,000 a month toward his relatives and dependents, to whom he's given many of his 12 luxury cars.


Curry already has his wages garnished, and got a $2 million advance from the Knicks. Why? To pay off his mansion in Chicago, which was foreclosed upon, and also an unpaid bill from Casual Male Big and Tall clothes.
Originally posted by lamontb:
it gets funnier

•$30,000 a month in household expenses, not counting $1075 a month for cable and satellite TV service. Dude must be getting porn channels us regular folk haven't even heard of.
•$6,000 a month for a personal chef. If he lowered that to $5,000, he probably wouldn't have clashed with Mike D'Antoni about his weight.
•$350,000 he owes Juwan Howard, for reasons that we're afraid to look into.
•$17,000 a month toward his relatives and dependents, to whom he's given many of his 12 luxury cars.


Curry already has his wages garnished, and got a $2 million advance from the Knicks. Why? To pay off his mansion in Chicago, which was foreclosed upon, and also an unpaid bill from Casual Male.

Fixed, because he touched it.