April 12, 2010

Derrick Coleman's Around $5 Million Debt ...

Derrick Coleman's Around $5 Million Debt news has the NBA star Derrick Coleman and his grand debt involving almost $5 Million Debt to some creditors. The Wall Street Journal's Bankruptcy Beat said that Coleman filed for bankruptcy and declared the same.


Here is what Derrick Coleman's lawyer, Mark B. Berke has to say regarding the said bankruptcy.
Mr. Coleman was focused on investing in various communities throughout the city of Detroit by developing real estate, creating jobs and revitalizing business opportunities," Berke said. "Due to the state of the economy, including the decline in the real estate market, Mr. Coleman's investments could not be sustained.
On another note, the Basketball Reference told that Coleman was able to make more than $87 million during his 15 year career with the Nets, 76ers, Hornets, and Pistons. But with the long list of  things to pay, Coleman can only hope to get rid of them and make a new start.

More details on Derrick Coleman debt news.

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