I find it funny this article popped up after there was so much praise towards Dykstra how after baseball he became a financial advisor guru. I believe even HBO Sports did an episode on him.
Well sure he looks like a financial wizard he was borrowing money against money and then spent it all.
Ex-Mets star Dykstra files for bankruptcy in LA
1 hour, 44 minutes ago
LOS ANGELES (AP)—Former New York Mets outfielder Lenny Dykstra has sought bankruptcy protection in Los Angeles, citing more than $31 million in debts.
Federal court documents show Dykstra filed for Chapter 11 status on Tuesday. He listed assets of $50,000 or less and liabilities of between $10 million and $50 million.
Dykstra, whose lifestyle included a lavish house, a jet and a Rolls Royce, says he owes millions of dollars to his 20 largest creditors, many of them banks. His filing follows at least two dozen lawsuits over his business and financial dealings.
Dykstra, nicknamed “Nails” for his rough-and-ready style, is a former All-Star who spent 12 years with the Mets and the Philadelphia Phillies. He won a World Series with the Mets in 1986.
Well sure he looks like a financial wizard he was borrowing money against money and then spent it all.
Ex-Mets star Dykstra files for bankruptcy in LA
1 hour, 44 minutes ago
LOS ANGELES (AP)—Former New York Mets outfielder Lenny Dykstra has sought bankruptcy protection in Los Angeles, citing more than $31 million in debts.
Federal court documents show Dykstra filed for Chapter 11 status on Tuesday. He listed assets of $50,000 or less and liabilities of between $10 million and $50 million.
Dykstra, whose lifestyle included a lavish house, a jet and a Rolls Royce, says he owes millions of dollars to his 20 largest creditors, many of them banks. His filing follows at least two dozen lawsuits over his business and financial dealings.
Dykstra, nicknamed “Nails” for his rough-and-ready style, is a former All-Star who spent 12 years with the Mets and the Philadelphia Phillies. He won a World Series with the Mets in 1986.
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