April 27th, 2011 | by NIGEL JAQUISS News | Posted In: Cops and Courts, Sports

Bankrupt Former Blazer's House To Be Auctioned

RobinsonRobinson House - Realty Marketing/Northwest

Former Trail Blazer Cliff Robinson enjoyed a long and lucrative NBA career. A 6'10" forward who starred at the University of Connecticut, Robinson joined the Blazers in 1989 as a second round pick. He became an NBA All-Star in 1994 when he averaged more than 21 points per game. Robinson would play eight seasons for the Blazers and total of 18 seasons in the NBA. He retired in 2007, having scored just shy of 20,000 points.

That's the good news. The bad news is that despite having earned more than $62 million in salary during his career, Robinson declared bankruptcy in 2009. And next month, his 5,900-square-foot home in Hillsboro, which sits on 16 acres and has a pool, tennis court and guest house, will be auctioned [PDF] off to pay his creditors.

At the time of his bankruptcy filing, Robinson listed assets of just over $12 million and liabilities of just over $11 million. The bankruptcy remains unresolved and a filing made earlier this month listed liabilities at about $12.4 million and assets of $7.1 million—for a negative net worth of $5.3 million.

Robinson, who has relocated to New Jersey, suffered a well-publicized string of burglaries at his Washington County home in 2009. Now that home will be auctioned by Realty Marketing/Northwest with sealed bids due May 18. The reserve, or minimum price, is $1.35 million. 

Michael Batlan, the bankruptcy trustee overseeing Robinson's case, says real-estate investments in Washington state and Jackson County, Ore. torpedoed the former player's finances.

"What happened is he got himself in some real estate investments where he personally guaranteed them," says Batlan. "Those investments haven’t turned out very well, and he doesn't have a lot of income since he retired from the NBA."

Batlan thinks Robinson can emerge from bankruptcy without being destitute.

"Basically he’s got assets. They are just not liquid," Batlan says. "We’ve dealt with the Umpqua Bank situation [a $6.9 million loan for a Jackson County property deal, which Robinson partially guaranteed]. The intention is to pay creditors and, conceivably, he’ll come out with some assets."

A call to Robinson's New Jersey home was not immediately returned.
 
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