I found this story a couple of days ago and found it pretty interesting:
Apparantley, ex-NBA player Jason Caffey has filed for bankruptcy, claiming that he's about $2 million in debt. Not only does he spend about $15,000 a month in money that he doesn't really have, but he can't pay his child support to an estimated 8 kids by at least 3 different mothers.
The best part is that the attorney says that he doesn't know how many kids Caffey actually has. I'm sorry, what?? Don't you know how many kids you have, or do you just stop counting after 8? I kind of hope that all of the kids have some form of Jason in their name, even if they're a girl, like Jasondra or something like that.....But I digress....
So Caffey claims that he can't pay his child support because the figures determined to pay were determined while he was playing in the NBA, making about $5 million a year, and now that he's out and can't figure out how to have a regular job, he can't pay the high child support numbers. Makes sense, but don't you think you stop having kids after the first divorce and that first time you get killed in court with a high child support number? Maybe it's just me, but don't you think he would've figured this stuff out?
Now, if you're one of the (at least) three baby mamas involved here, you should be kicking yourself in the ass right now for not getting your money up front. Plain and simple, if you get inpregnated by a professional athlete, you need to get money upfront, because you never know how many kids he already has and the next injury could result in your baby daddy filing for bankruptcy in a few years. Just like if you're lucky enough to win the lottery, you take the lump sum. Don't be an idiot and go with the annuity because that money isn't guaranteed. The lottery could fold, the world might end, you just don't know. Get that money up front in a lump sum and earn some interest on it. Or you could take the not having kids with guys who have 10 already with 5 different women route.....
Thursday, November 15, 2007
Bankrupt Baby Daddy
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