Phifer filed for full blown bankruptcy late last month, claiming roughly $67,000 in assets … as he drowns in debt totaling around $1.3 Mil.
Maybe he should have
seen it coming. Phifer says in his legal docs — obtained by TMZ — he spends around $11,600 in monthly expenses, but pulls in only $7,500.
His debts are impressive … $1.2 mil in back taxes, $50K in lawyers bills and $4,500 in back child support.
A undercover officer named Rogers is the only one who can get in close enough to the criminals that terrorize neighborhoods with drugs and violence. However, he finds himself becoming part of the problem as he almost becomes what he’s trying to bring down.