Allen Iverson is going through a divorce, so it isn’t uncommon to lie about how much money you have. If Iverson can get the court to believe he is deeply in debt, he won’t have to pay as much in child and spousal support.
It could be true, A.I. did just have a house that was foreclosed on.
According to TMZ the reason A.I. is saying his debt is so high because of paying back creditors and monthly expenses like these.
10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants.
If you are spending $10k in groceries how are you also spending $5k going out to eat?
According to some Iverson has a nest egg that his friends stashed away for him that he is desperately trying to keep out of his hands of his soon to be ex-wife.