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July 26, 2014

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Baseball’s Jose Canseco Jr. files for bankruptcy protection

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Jose Canseco attends Brad Garrett's Maximum Hope Foundation Poker Tournament at the Tropicana on Sept. 17, 2011.

Jose Canseco Jr., the 1988 American League MVP slugger for the Oakland A’s who later admitted to steroid use, filed for Chapter 7 bankruptcy protection Tuesday in Las Vegas.

Canseco, who has been playing for the minor league Worcester Tornadoes in Massachusetts, listed extensive tax debts and other liabilities in Tuesday’s filing.

His bankruptcy petition, which says he lives in Las Vegas, lists $20,850 in assets against $1.686 million in liabilities. Among the liabilities is some $506,000 owed to the IRS as well as various judgments and accounts in collection.

Canseco ranks 34th on the all-time home run list with 462 HRs.

A request for comment on the bankruptcy was placed with Canseco’s bankruptcy attorney.

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  1. Something about being an athlete can turn you into Mr. Stupid. I would think the IRS will nail him to the wall. Sad, but maybe his tell all book about steroids might get him some judicial relief. Good luck, Jose....