Allen Iverson, Cecil Fielder, and the list goes on. Successful professional athletes who made a fortune in their careers and somehow managed to lose it all later in life.
The AP reported that “Former Oakland Athletics slugger Jose Canseco has filed for bankruptcy protection in Nevada. The 1986 American League rookie of the year and 1988 league MVP with the A’s is seeking asset liquidation in Chapter 7 documents filed Tuesday in U.S. Bankruptcy Court in Las Vegas… It lists less than $21,000 in assets and almost $1.7 million in liabilities, including more than $500,000 owed to the Internal Revenue Service.”
In my career as an attorney dealing with debt settlement and bankruptcy filing, I have seen hundreds of sad cases in which successful individuals find themselves financial hardship. Of course, their situation isn’t newsworthy enough for ESPN. They are just regular people who worked hard, but through unforeseen circumstances they lost their money.
It brings me great satisfaction to know that I can help. Throughout my career I have discovered creative solutions to debt problems. Even if you’re not a home run champion, I can help you. Please call me today to get your financial situation back on track.