Wednesday, August 27, 2014
Inquirer Daily News

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 raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

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

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