According to bankruptcy documents, Jason Caffey is nearly $2 million in debt and has about $1.15 million in assets, most of which is tied up in business ventures.

Among his other assets: two NBA championship rings he won with the Chicago Bulls ($10,000) and a 2006 Dodge Charger ($34,000).

Now living in Mobile, Caffey is a businessman, making $11,500 a month from a string of day-care centers and a sports bar, all in his hometown.

But he spends more than he earns — about $15,000 a month — forcing him to arrange a $50,000 loan from his mother, documents show.

Caffey had two kids with his wife before she filed for divorce in Fulton County last year.

He also has had a slew of children — at least six others — with other women around the country, in and around Atlanta as well as in Alabama, Louisiana and Illinois.

Caffey's attorney in Atlanta says his client agreed to the high payments because he could afford it. In a 10-year career with the Chicago Bulls , Golden State Warriors and Milwaukee Bucks , the 6-foot 8-inch power forward made as much as $5 million a season.

"Those days have ended," lawyer Jim Altman said. "And he's been saddled by these payments that are absolutely astronomical."