Lenny Dykstra files Chapter 11

"Dykstra, 46, filed a petition on July 7 with the U.S. Bankruptcy Court in the Central District of California claiming no more than $50,000 of assets and between $10 million and $50 million of liabilities."

Yikes.

4 months ago kingcritical 21 comments 0 recs |

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Ironic

considering he ran a financial advice magazine for athletes.

by TheBigStapler on Jul 8, 2009 3:43 PM EDT reply actions 0 recs

$50,000?

He had more in his pocket in that Real Sports episode.

Oh, Nails…

Everyone is entitled to be stupid, but Jerry abuses the privilege.

by AnthonyR on Jul 8, 2009 3:54 PM EDT reply actions 0 recs

Lenny is only 46!!!

Wonder what kind of shape he is in. I’d put him in over Tatis right now!! :)

by Endys Game on Jul 8, 2009 3:56 PM EDT reply actions 0 recs

He's come a long way from hanging out in

Billy Beane’s hotel room watching Scandal videos.

by mets81 on Jul 8, 2009 4:05 PM EDT reply actions 0 recs

i am shock

truly, truly shocked. you mean he was all talk?

"He's definitely mixing it into his repertoire. That's French for 'repertoire' " - Keith Hernandez

by Catsmeat Potter-Pirbright on Jul 8, 2009 5:17 PM EDT reply actions 0 recs

I'll refer everyone

back to this piece at ESPN.com that completely exposed Dykstra a couple of months ago as a cheat, compulsive liar and charlatan.

by Eric Simon on Jul 8, 2009 5:36 PM EDT reply actions 0 recs

This one was good read too...

Link

Everyone is entitled to be stupid, but Jerry abuses the privilege.

by AnthonyR on Jul 8, 2009 5:39 PM EDT up reply actions 0 recs

This was a great read

very juicy.

by TheBigStapler on Jul 9, 2009 10:39 AM EDT up reply actions 0 recs

I think there was one in the New Yorker too

King of the bling come to lay down the evidence//Not George Bush, L-Millz be da president

by Sam Page on Jul 8, 2009 6:20 PM EDT up reply actions 0 recs

"Ooh, look at me!!!"

“I’m Sam Page, and I read the New Yorker whilst pouring myself a cup of chammomile tea and adjusting my monacle!!!”

"I dunno. I never smoked any Astroturf"
-Tug McGraw

by squid92 on Jul 8, 2009 6:26 PM EDT up reply actions 0 recs

FYI: His servants pour the tea for him.

And I’ll bet he wears two monocles.

by BobbyV_Incognito on Jul 8, 2009 8:12 PM EDT up reply actions 0 recs

His monacles wear monacles.

"I dunno. I never smoked any Astroturf"
-Tug McGraw

by squid92 on Jul 8, 2009 8:19 PM EDT up reply actions 0 recs

here's the link:

It’s a great story, actually.

But reading it, you have to ask yourself, “Who would go into business with this guy?”

We've got ourselves a ball club, the Mets of New York town!

by kingcritical on Jul 8, 2009 11:12 PM EDT up reply actions 0 recs

Charlatan

Great word. Almost as good as legerdemain.

by James Kannengieser on Jul 8, 2009 9:38 PM EDT up reply actions 0 recs

What a great country this is

where you can obtain ten figures in credit with just five figures to back it.

by Zwill on Jul 8, 2009 8:00 PM EDT reply actions 0 recs

I think a large part of that debt is

money owed from the sundry lawsuits he’s been on the losing end of.

by BobbyV_Incognito on Jul 8, 2009 8:13 PM EDT up reply actions 0 recs

Good point

Had not considered that.

by Zwill on Jul 8, 2009 8:35 PM EDT up reply actions 0 recs

I found the filing

as a PDF here and this is a summary of who he owes (all numbers in thousands of dollars):

BANKING
Bank of America Credit Cards 195
Bank of America/Countrywide Home Loans 4,000
Rockbridge Bank 3,500
United Commercial Bank 1,100
Wachovia 790
WaMu/JPMC 12,900

LEGAL
California Labor Commissioner 512
K&L Gates 1,500
O’Melveny & Myers 342

PRIVATE AVIATION
Constant Aviation 227
Global Executive Aviation 550
The Private Flight Group 190

OTHER
Creel Printing 289
David and Teresa Litt (Real Estate) 2,500
David Vigliano (Literary Agent) 229
Doubledown Media (Publishing) 350
Dr. Festus Dada (Surgeon) 500
FTI Consulting 276
Index Investors 900
Space 150 (Creative Agency) 275

So. $22.485MM to bankers, $2.354MM to lawyers, $.967MM to aviators and $5.319MM to various other fools taken by his bullshit. In total, he has $31.125MM in debt, much of which is unsecured and was granted by some of the most poorly run financial institutions in the world.

by Zwill on Jul 9, 2009 12:51 AM EDT up reply actions 0 recs

"Doctor" Festus Dada

He sounds like a really reputable physician.

"The difference, pure and simple, is Jeter. ... The Mets don't just lack a leader; they lack a Jeter." - Wallace Matthews, Newsday

by hotspur on Jul 9, 2009 9:08 AM EDT up reply actions 0 recs

you beat me to it

by wobatus on Jul 9, 2009 1:31 PM EDT up reply actions 0 recs

"I'm Lenny Dykstra! I'm really rich!"

Fail.

"I have discovered in twenty years of moving around a ball park, that the knowledge of the game is usually inverse in proportion to the price of the seats." - Bill Veeck

by Prince on Jul 8, 2009 11:11 PM EDT reply actions 0 recs