Williams said his earnings with the Nets of $87 million is gone because the money was used to pay the mortgages on his three South Carolina homes.
The former St. John’s University and Net said, “I don’t think I had $1500,00, but it is gone,” reports NJ.com.
Williams, 41, also said that he had to borrow money to pay his children’s tuition.
Justice Laura Drager ordered Williams to sell his interest in a professional lacrosse team and his homes.
Willams’ soon-to-be ex-wife lives with their two children, Tryumph and Whizdom, in Manhattan and filed for divorce in February.
In July, the former basketball player was ordered to pay his wife $20,000 every month for child support and maintenance while the couple worked out an agreement.
The judge ordered Williams back to court when he didn’t pay up.
Williams’ troubles began when he was charged in 2002 with shooting a limo driver at his Alexandria Township mansion in Hunterdon County. The jury was deadlocked on the reckless manslaughter charge, but he will be tried again. He was convicted of covering up the crime.
He sold his mansion in 2005 for $8 million and moved to Hilton Head, S.C., just 65 miles from where he was born.