Former Montreal Canadiens player Steve Bégin announced Thursday that he must declare bankruptcy.

The 46-year-old former hockey player confirmed the news in a Facebook post.

“The civil engineering company in which I had been offered to invest significant sums of money since 2013 went bankrupt, which had negative repercussions on my financial situation and consequently also caused a bankruptcy. I could have tried to avoid the subject, but I chose to talk about it openly, because I believe there are lessons to be learned,” he wrote.

“I find this experience very trying, disappointing and especially hurtful for me and my loved ones, but as always, I will continue to push forward in order to carry out great projects despite this ordeal,” he added.

Bégin played for the Canadiens from 2003 to 2009, and was a Montreal crowd favourite due to his passion and dynamism.

He scored 56 goals and had 52 assists in 524 career NHL games with the Calgary Flames, Canadiens, Dallas Stars, Boston Bruins and Nashville Predators.

Bégin was selected in the second round, 40th overall, by the Flames in the 1996 NHL Entry Draft. He officially announced his retirement from the sport on January 16, 2014.