Julius Erving Faces $200K Lawsuit From Georgia Bank

10/26/2011 09:22 PM ET

Julius Erving says he’s broke after a bank filed a lawsuit against the former pro basketball star claiming he owes more than $200,000.

Georgia Primary Bank filed the lawsuit in Fulton Superior Court on Oct. 18 against the 61-year-old and his corporation, The Erving Group Inc. of Atlanta.

The Atlanta Journal-Constitution reports the lawsuit says his company was given a $1 million line of credit in April 2009, which was due the following April. It says a balance of $205,277.84 has not been paid.

Erving, better known as Dr. J, purchased the Heritage Golf Club in suburban Atlanta in 2006. The club went into foreclosure last year.

Julius was a member of the NBA champion 1983 Philadelphia 76ers and earlier won two ABA titles. The newspaper’s calls to his attorneys were not immediately returned.

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