Jose Canseco Officially Broke: Ex-MVP Files For Bankruptcy

Dusten Carlson - Author

Jun. 15 2013, Updated 9:27 p.m. ET

It’s official! Though long-rumored and hinted at in VH1’s Hollywood Exes, former baseball-great turned steroid-pumping rat Jose Canseco is officially broke and filing for bankruptcy.

The former Oakland Athletics slugger filed for bankruptcy protection in Nevada Tuesday, and is seeking asset liquidation after filing all the necessary Chapter 7 documents in U.S. Bankruptcy Court in Las Vegas, reports ESPN. Jose Canseco’s bankruptcy attorney, Mark Segal, declined a request for comment on the matter Wednesday.

According to the bankruptcy petition filed, Canseco lives in Las Vegas.

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The details: 48-year-old Jose Canseco’s bankruptcy petition lists less than $21,000 in assets and a whopping $1.7 million in liabilities, including over $500,000 owed to everyone’s favorite bureaucrats, the Internal Revenue Service.

Jose Canseco’s career is one of highest highs and lowest lows. He was the 1986 American League rookie of the year and the 1988 league MVP with the Oakland Athletics. He hit 462 home runs during 16 years on eight major league teams. He was also a six-time All-Star and two-time World Series winner.

He hit controversy when he admitted to using performance-enhancing drugs, listing dozens of other high-profile MLB figures in the process, and alleging a massive doping conspiracy on the part of the Major Leagues. He later regretted his use of steroids, saying, “We overemphasize the steroids and not the athletic ability and skills of these people. We’re taking away the hard work the athlete puts in and saying he became great just because of steroids.”

Jose Canseco recently appeared on VH1’s Hollywood Exes with his wife, Jessica Canseco, and appeared to be hard-up for cash. He asked her to consider a “live-in” arrangement whereby he is allowed to live in her home with his ex-wife and daughter, while still being free to date around. He also hinted that he wanted her to foot the bill for their shared expenses, further foreshadowing his bankruptcy filing.


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