Former Mets and Phillies Outfielder Lenny Dykstra Files Bankruptcy
Court records show that Lenny Dykstra, former center fielder for the New York Mets and Philadelphia Phillies, has filed for Chapter 11 bankruptcy protection.
According to petition at U.S. Bankruptcy Court in the Central District of California that was filed on Tuesday, Dykstra has less than $50,000 in total assets and liabilities ranging between $10 million and $50 million.
In Chapter 11 bankruptcy a company is protected from creditors while it restructures its business, and Dykstra’s filing comes in the wake of some 20 lawsuits filed against him and his activities as a financial entrepreneur. Among those suing is a magazine Dykstra help to launch, The Players Club.
Jonathan Hayes, one of Dykstra’s lawyers, had no comment.
