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Jackets D Johnson files for bankruptcy

(AP Photo/Mike Munden)

COLUMBUS, Ohio (AP) Columbus Blue Jackets defenseman Jack Johnson has filed for bankruptcy while earning millions under a $30.5 million contract in his ninth NHL season.

In federal court records, the 27-year-old said his finances have fallen apart under his parents' management. He said creditors and his financial advisers took advantage of him through fraudulent transactions and predatory lending, pledging his contract earnings as security for unconventional loans that he didn't authorize and that had exorbitant interest rates.

Johnson filed for bankruptcy Oct. 7, two days before the team began the regular season. Those filings indicated he owed more than $12 million. For estimated assets, he checked the box indicating $1 million to $10 million.


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