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Allen Iverson

Buried in Bills ...

But Drives a Maybach

12/4/2012 12:30 AM PST BY TMZ STAFF
EXCLUSIVE

1202_allen_iverson_gettyFormer NBA star Allen Iverson is digging himself into a giant financial hole -- with monthly bills that largely outweigh his monthly income -- but the good news is ... he's still got his fancy-schmancy Maybach.

Allen recently filed docs in GA court as part of his nasty divorce battle with his ex Tawanna Iverson which outline his dire financial situation.

According to docs, Allen brings in $62,500 in monthly income, but his expenses are FAR, FAR, greater ... costing him a cool $358,376.66 PER MONTH!!!!

So where does all his money go?

A large chunk -- $125,749.33 to be exact -- is spent paying off various creditors (like his jeweler) ... and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off).

But Allen says he blows a lot on OTHER expenses too ... like $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 ... and so on.

All in all, Iverson -- who reportedly made over $150 MILLION during his NBA career -- says he ends up in the hole each month to tune of $295,876.66. Ouch.

Despite the mounting debt though, he's still got his Maybach (which is fully paid off) ... and reportedly worth between $340k - $400k.

1202_maybachusa-com_CAR

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107 COMMENTS

No Avatar
31.

redrock64    

He's broke cause he has to provide for all his "friends" oops "posse", I mean lowlifes!

501 days ago
32.

w h i t e y    

cola

501 days ago
33.

still2easy    

What a clown

501 days ago
34.

Sanity    

Typical. Flash over substance. Good basketball player, bad person. What a stereotype.

501 days ago
35.

Nikkcolle    

Yeah he's a real baller - idiot

501 days ago
36.

KicksandGiggles    

So I guess he never took math in (dare I say it) school. Just plain stupid and irresponsible. BTW, the car is UGLY.

501 days ago
37.

Wicked Witch    

Haven't these money wasting goofs learned anything from MC Hammer and Toni Braxton?

501 days ago
38.

Dragon Slayer Lights Your Fire    

Hung out with him once. He bought 6 bottles of Cristal and other garbage just for a evening snack with a few friends. This does not surprise me at all. He lives WAY beyond his means for someone who doesn't bring in what he use to. But thanks to him, I found out the Cristal is not that great.

501 days ago
39.

ShedaOne    

This is a prime example of all that is wrong in the world. He can live off 62,500. a month. Hell that's 750,000.00 a year! He's a *****! and I'm black so I can say it. He makes us look bad.

501 days ago
40.

Codymcc    

$10,000 a month on Groceries?? WOW how many Steaks and Shrimps he eat a Month?

501 days ago
41.

Jen    

Well, you gotta keep your "swag". I'll have a #5 with that swag, by the way.

501 days ago
42.

Stephiemark    

I'm a server in the area and he's a terrible tipper.

501 days ago
43.

J    

Allen Iverson belongs in the NBA! Shame on the league for letting him go. He is still more talented than many NBA players on the court today! He gives 100%, always hungry for a win. Rasheed Wallace and Stackhouse are still in the NBA, but Iverson is not? Something is wrong with that picture!AI is the most entertaining player to watch!

501 days ago
44.

Gabe    

This guy spends money like a democrat; it will soon run out. Maybe he can get rich people to pay his bills.

501 days ago
45.

Who the Hell is Khloe    

Typical. Hell be on welfare soon using our tax dollars

501 days ago
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