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Article: PEOPLE.(National/Global)(Lenny Dykstra files for Chapter 11 bankruptcy protection)(employees blocked the road at Wells Fargo and Co. branch)(Colonial BancGroup Inc's Sarah Moore)
- Article from:
- American Banker
- Article date:
- July 10, 2009
- Author:
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Byline: Paul Davis and Matthew Monks
Debt Nails Dykstra
Former professional baseball player Lenny Dykstra has run into a financial wall, filing for Chapter 11 bankruptcy protection.
Dykstra, who had entered a second act as a financial guru after retiring from baseball in 1998, listed more than $10 million of liabilities in documents filed Tuesday with the U.S. Bankruptcy Court in the Central District of California. The tobacco-chewing, hard-charging outfielder, who earned the nickname "Nails" during his 12-year big league career, has less than $50,000 of assets, according to the filing.
A number of big banks are on the hook for ...