The 6-foot-9 forward, who was drafted by the LA Clippers in 2000, has debts that include a $282,041 IRS payment and $20,000 in child support, the News-Democrat reported.
He also claims to have lost $100,000 in a California real estate deal.
Miles was drafted straight out of East St Louis High School as the No 3 draft pick by the Clippers.
It's very common for NBA players to file for bankruptcy.
About 60 per cent of NBA players filed for bankruptcy in the five years after their retirement due to bad investments, luxury purchases and child support, among other things, the News-Democrat reported.
Sign up for our free e-mail list to see future vaticancatholic.com videos and articles.