Inside Eddy Curry’s Debt Woes

by May 25, 2010
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Curry can’t afford to pay his bills, and has defaulted on a large personal loan. The NY Post has the details: “Knicks center Eddy Curry defaulted on a $570,000 personal loan while keeping up a lifestyle that included a $17,000-a-month suburban New York home, a $6,000-a-month personal chef, and a dozen cars he’d bought for himself and relatives, a judge said. Friday, a Manhattan court ordered Curry to pay $75,000 a month to lender Allstar Capital Inc. to resolve a debt that swelled to $1.2 million with interest. The court also has issued an order letting Las Vegas-based Allstar seize three of the cars: a Rolls Royce Phantom convertible and two Land Rover SUVs, all 2009 models. Lawyers for both Curry and Allstar said Monday they were headed toward a settlement that would make the order moot. They wouldn’t disclose terms. Curry’s lawyer, Mercedes Colvin, would say only that she believed the two sides had reached ‘a mutually satisfactory resolution of the matter.’ Curry earned $10.5 million this season and is scheduled to make $11.3 million next season in the final year of his contract. But the former No. 4 pick in the NBA Draft has been dogged by financial and legal problems in recent years.”