Tuesday, August 4, 2015

Dykstra ripped up mansion, ripped off lender: complaint

Ex-Phillie Lenny Dykstra "removed and presumably sold" furniture and fixtures at one of his California mansions so they wouldn't fall into the hands of creditors, according to one of his creditors

Dykstra ripped up mansion, ripped off lender: complaint

Ex-Phillie Lenny Dykstra “removed and presumably sold” furniture and fixtures at one of his California mansions so they wouldn't fall into the hands of creditors, according to court papers filed by a lender that helped finance Dykstra's $17 million purchase of NHL great Wayne Gretzky's Thousand Oaks mansion, Bloomberg News reports here. Dykstra's lawyer didn't immediately respond to requests for comment.

Dykstra enjoyed a flamboyant post-baseball career in stock-index investments and sports publishing before filing for Chapter 11 bankruptcy protection in July. As the story notes: "A person in bankruptcy isn’t allowed to dispose of assets. Some do it anyway."

 

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano