Home Breadcrumb caret Industry News Breadcrumb caret Industry Help athletes deal with bankruptcy NHL defenseman Jack Johnson recently filed for bankruptcy. By Staff | November 24, 2014 | Last updated on November 24, 2014 1 min read Columbus Blue Jackets defenseman Jack Johnson “has earned more than $18 million during his nine-year NHL career, not including the $5 million he will be paid this season,” reports BlueJacketsXtra. Still, Johnson recently had to file for bankruptcy, adds the outlet, due to four years of risky loans, and several lawsuits. Read more. His case, which allegedly involves his parents, is extreme, reports time.com. But two lessons can be learned from his predicament. These are: Financial literacy needs to taught in schools Young, professional athletes need good financial advice Read more about why these lessons matter. Also check out: Cross-border concerns for athletes How athletes and investors are alike A look at NHL players’ tax troubles Make financial literacy lessons fun Advising clients with short careers Wes Edens wants to reduce number of NBA players filing for bankruptcy Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo