Former NBA player reaches a settlement in not-so-amicable divorce case

 Posted on February 03, 2013 in Family Law

Allen Iverson, a former star in the NBA, has reportedly reached a settlement in his divorce with ex-wife, Tawanna Iverson. Their divorce case has been quite colorful, with Tawanna accusing Allen of cheating, harassing her and her family, and making a major mistake in divorce: hiding assets. The Huffington Post divorce section reported a story on this eventful divorce case.

TMZ reports that the former couple told a judge they had reached a financial settlement, managing to find an agreement outside of court. The celebrity news site says they have information from unnamed sources that the former Philadelphia 76er will pay a $3 million a lump sum, child support for the former couple's five children, and a percentage of the future profits of a Reebok endorsement deal.

The divorce has not been among the most amicable, and Tawanna has accused Allen of cheating and harassment, also claiming he was hiding assets.

Documents filed by Allen Iverson in December 2012 show that he was spending more than he was making, taking in about $62,000 a month while spending more than $350,000. Originally, it was Tawanna who filed for divorce in March 2010, but she withdrew the petition. She filed for divorce again in June 2011, ending these high school sweethearts' then 10-year marriage.

If you are planning on filing for divorce or need help with your current divorce proceedings, it is important to find a knowledgeable divorce attorney in your area. If you'd like to settle out of court like Tawanna and Allen Iverson, an attorney is crucial. Our experienced Illinois divorce attorneys are ready to help you with your case. We serve cliets around the Chicago area, including DuPage County.