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Julius Erving Ordered to pay $230k on Defaulted Loan

by Robert Littal | Posted on Sunday, June 3rd, 2012

They got Dr. J?

It seems every single day a current or former athlete is being hit hard for his paper.

According to documents filed in Georgia, the NBA legend took out a loan in 2009 from Georgia Primary Bank. The original loan was for $1,000,000 and Erving had an outstanding balance of $210,705.71 … which was never paid.

The bank made repeated requests for the balance and when they went ignored … they filed a lawsuit in October 2011.

The lawsuit went ignored as well and a Georgia court ordered Erving to fork over $230,286.86 – the original balance, plus $19,581.15 in interest.

Tags Julius Erving Julius Erving Loan NBA

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About the Author Robert Littal

CEO and President of BlackSportsOnline and BonaFide Media. Partnered USA Today Media Group. @BlackSportsOnline. Email Robert

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One comment on “Julius Erving Ordered to pay $230k on Defaulted Loan”

ellis on June 4, 2012 at 8:29 am said:

Dr. J ICONIC!!! So What……………… WHY is this News?

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