Julius Erving Ordered to pay $230k on Defaulted Loan
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.