Allen Iverson may be rapidly losing money

Former NBA star Allen Iverson is digging himself into a giant financial hole — with monthly bills that largely outweigh his monthly income — but the good news is … he’s still got his fancy-schmancy Maybach.

Allen recently filed docs in GA court as part of his nasty divorce battle with his ex Tawanna Iverson which outline his dire financial situation.

According to docs, Allen brings in $62,500 in monthly income, but his expenses are FAR, FAR, greater … costing him a cool $358,376.66 PER MONTH!!!!

– Reported by TMZ.com