NEW YORK, NY – NOVEMBER 22: Former basketball player Christian Laettner attends the 86th Annual Macy’s Thanksgiving Day Parade on November 22, 2012 in New York City. (Photo by Mike Lawrie/Getty Images)

In the past decade, Christian Laettner’s name has become more associated with financial troubles than it has for big-time shots in the NCAA Tournament.

The Duke legend has been sued for $30 million by the likes of Scottie Pippen and had his home foreclosed on. This time, college basketball’s most hated man might have finally run out of options. His lawyer told the Charlotte Observer that Laettner must come up with $14.05 million to avoid going into involuntary bankruptcy.

Despite making more than $61 million during his time in the NBA, Laettner has found himself in the hole thanks to a number of failed business ventures. One creditor, a limited liability corporation in Minneapolis, wants more than $7 million from Laettner. Carolina Panthers running back Jonathan Stewart is seeking $3,629,230 while former linebacker Ernie Sims is seeking $1,482,730.

When speaking to the Observer, Laettner’s lawyer didn’t sound concerned over whether or not his client could pay back the hefty debt. Laettner is a partner in a new downtown development in Durham, North Carolina that was recently sold for $28.3 million. The money he receives from that deal will reportedly help save the former Duke star from going through with the bankruptcy proceedings.

Laettner appears to be just another athlete suffering from bad business sense. But based on his previous behavior, it’s hard to feel too bad for a guy who reportedly called his teammates a bunch of losers and stomped on an opponent mid-game.

[Charlotte Observer]

About Ryan Williamson

Ryan is a recent graduate of the University of Missouri and has recently returned to his Minnesota roots. He previously has worked for the Columbia Missourian, KFAN radio in Minneapolis and BringMeTheNews.com. Feel free to email me at rwilliamson29 AT Gmail dot com.