EVANSVILLE, Ind (WEHT) Former University of Evansville men’s basketball coach Walter McCarty has filed for bankruptcy.

Court documents show McCarty filed for Chapter 11 bankruptcy on December 1 in Boston. This comes after McCarty’s legal troubles with two Evansville banks.

He reached a settlement with First Federal Savings in November, which claimed McCarty defaulted on a $45,000 loan.

A similar lawsuit involving Old National Bank remains open, as does a lawsuit McCarty filed claiming ONB still owes him money for personal appearances.

(This story was originally published on December 29, 2020)