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Dykstra Files for Chapter 11

Says he has $50K in assets, owes $10-$15M

By Matt Cantor,  Newser Staff

Posted Jul 9, 2009 12:52 PM CDT
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(Newser) – Former New York Met and Philadelphia Phillie Lenny Dykstra has filed for Chapter 11 bankruptcy protection in California yesterday, citing no more than $50,000 in assets and debts between $10 million and $50 million, the Philadelphia Inquirer reports. After making $36.5 million playing ball, Dykstra launched a magazine for pro athletes in 2008; employees said he didn’t pay his bills.

The bankruptcy filing says Dykstra owes cash to “credit-card companies, banks, lawyers, printing companies, and private aviation companies,” the Inquirer notes. “Sometimes the difficult decisions in life are the most necessary," he said. "In the end, the restructuring will definitely be a good thing.”

Former New York Mets infielder Lenny Dykstra is shown in this 1986 file photo.
Former New York Mets infielder Lenny Dykstra is shown in this 1986 file photo.   (AP Photo)
Outfielder Lenny Dykstra of the Philadelphia Phillies in action during a spring training game against the Toronto Blue Jays at Grant Field in Dunedin, Florida, March 10, 1998.
Outfielder Lenny Dykstra of the Philadelphia Phillies in action during a spring training game against the Toronto Blue Jays at Grant Field in Dunedin, Florida, March 10, 1998.   (Getty Images)
In this Jan. 4, 2008 file photo, former Mets and Phillies baseball player Lenny Dykstra poses for a portrait in New York.
In this Jan. 4, 2008 file photo, former Mets and Phillies baseball player Lenny Dykstra poses for a portrait in New York.   (AP Photo/Frank Franklin II)
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COMMENTS
Showing 1 of 1 comment
NewserHound
Jul 9, 2009 6:56 AM CDT
Shoulda taken the 36 million and retired. Dumbass

"We all knew this was coming, but for it to actually happen now is incredibly satisfying"
With Leather

Working for Dykstra was a pretty crappy gig, apparently
GQ

 
MLB • Philadelphia Phillies • New York Mets • bankruptcy • baseball • Chapter 11 • Lenny Dykstra

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