Antoine Walker, former professional NBA player Shareif Ziyadat | Getty Images In 2008, at the end of his 13-year basketball career, Antoine Walker had amassed $108 million. Two years later, he had nothing. "I came into the league at 19 years old," he said. "I came from humble beginnings, so I was not used to having money at all." When he started making money, he didn't understand the concept of a dollar, he said. He also picked up some aggressive spending habits – spending on cars, clothes and jewelry as well as helping family and friends. The rest of his money was lost in real estate investing when the market tanked after the Great Recession. That led him to declare bankruptcy in 2010. Two and a half years later, he had bounced back. Today, he helps others avoid the money issues he's overcome. He's a consultant with Edyoucore, a financial literacy company that focuses on teaching athletes how to manage their money. Before you file There are a few things people should keep in mind before filing for bankruptcy. The timing of when to file – if it makes sense to do so – is important. "If you are faced with the loss of either your home, your car or garnishment, any of those events is an emergency and it could make sense to file for bankruptcy immediately," said Sarah Bolling Mancini, an attorney for the National Consumer Law Center. Beyond an emergency, it may make sense to file if you have an overwhelming amount of debt that you won't be able to repay and that it's peaked – meaning that you're not still incurring more debt. Generally, in . . . read the full article here.