Columbus Blue Jackets defenseman Jack Johnson has earned more than $18 million over his nine-year NHL hockey career. But according to bankruptcy documents filed last month in federal court, it’s almost all gone.

Not only is Jack Johnson broke, but Johnson has outstanding debts of as much as $15 million, reports The Columbus Dispatch. And while the story of a professional athlete squandering large sums of money is nothing new, Johnson’s path to bankruptcy has an especially cruel twist. Many of the financial decisions that led him to this point were made by his parents, to whom he had given full control of his finances.

What can be learned from Jack Johnson’s bankruptcy? Here are three lessons:

Under Johnson’s 2011 contract, he is set to earn $5 million this season from the Columbus Blue Jackets. The team told the Dispatch they were aware of Johnson’s situation and are “standing beside him.”

Follow FindLaw for Consumers on Facebook and Twitter (@FindLawConsumer).

Related Resources:

  • Jackets’ Johnson Blames Parents For Bankruptcy (ESPN)
  • Ex-NHL Player Mike McBain Accused of Molesting Girl (FindLaw’s Tarnished Twenty)
  • Antoine Walker Loses NBA Championship Ring in Bankruptcy (FindLaw’s Tarnished Twenty)
  • Former NHL Players Sue Over Concussions (FindLaw’s Tarnished Twenty)

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Civil Rights

Block on Trump’s Asylum Ban Upheld by Supreme Court

Criminal

Judges Can Release Secret Grand Jury Records

Politicians Can’t Block Voters on Facebook, Court Rules