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Allen Iverson Divorce Case Takes Another Nasty Turn


Allen Iverson and his estranged wife, Tawanna Iverson, are in the middle of a highly-publicized, volatile divorce. Recently the divorce proceedings have centered around Iverson's finances as court documents show he claimed to have a deficit income of close to $300k per month. Iverson reportedly brings in $62k a month, however his monthly expenses are close to $360k. Approximately one-third of his monthly debt goes to mortgage payments, his jeweler and various other creditors. Iverson documented that he spends the remaining two-thirds on items such as food, clothing, dry cleaning, and entertainment.

In addition, because Iverson allegedly defaulted on the mortgage to his $4.5 million dollar home, the Atlanta home was set to go on the auction block on December 4th, 2012. To stop the sale, and prevent foreclosure proceedings from moving forward, Iverson filed a lawsuit against his lender claiming that he never consented to the terms of the loan. The lawsuit goes on to state that it was Iverson's estranged wife who signed for the mortgage and agreed to financial terms Iverson would have no chance of being able to meet.

Not all divorce proceedings go smoothly with both parties coming to amicable agreements as to the division of assets, debts, property, spousal support, child custody and more. Whether you will be filing a collaborative divorce or a contested divorce, the team understands how the final outcome of your divorce will seriously impact your future, both personally and financially. That is why if you are considering filing for divorce, the team strongly recommends you consult with an experienced Paulding County divorce lawyer at the firm as soon as possible.

Before you begin divorce proceedings, it is vital that you lay out an aggressive strategy to protect your interest and defend your rights. Contact an experienced divorce attorney at Henrickson & Sereebutra to discuss the options available to you.