Former Oakland Athletics baseball player Jose Canseco has filed for Chapter 7 bankruptcy protection, according to the Las Vegas Sun. Canseco was named Rookie of the Year in 1986 and American League MVP in 1988.
Canseco’s bankruptcy petition lists his assets at less than $21,000 and his liabilities at more than $1.7 million. Nearly a third of his liabilities are tax debts the 48-year-old owes to the IRS. Canseco will reportedly liquidate his assets under Chapter 7 bankruptcy in order to pay his debts.
Canseco played in the major leagues for 16 years on eight different teams. Despite later admitting to using performance-enhancing drugs, he currently ranks 34th in all-time home runs.
If you or a loved one would like to learn more about the benefits of Chapter 7 bankruptcy, contact Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675 today.