Attorneys for veteran cornerback Raymond Clayborn of...

Attorneys for veteran cornerback Raymond Clayborn of the New England Patriots have filed for bankruptcy because his Texas real estate investments have gone bad.

Clayborn filed for Chapter 7 bankruptcy action in federal court at Boston on Oct. 13. The court scheduled a conference of his creditors for Nov. 20.

Under Chapter 7 action, the court will liquidate his assets. The investments have left the 13-year veteran nearly $2 million in debt.

Clayborn, 34, is being paid a base salary of $900,000 this season, but $540,000 of it is deferred and much of the rest has been deferred in other investments.

Chapter 7 action includes a court order that bars creditors from trying to get at Clayborn’s personal property or his salary while a trustee decides what will be done with his assets. In addition to his financial problems, Clayborn suffered a thigh injury in last week’s game against the New York Jets that will keep him out of today’s game with New Orleans.