Citing Las Vegas as home, Canseco files Chapter 7 bankruptcy - FOX5 Vegas - KVVU
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Jose Canseco was one of the biggest stars in all of sports in the 1980s, but Tuesday in a Las Vegas bankruptcy court, Canseco declared himself insolvent.
In Canseco's Chapter 7 bankruptcy filings, he claimed $21,000 in assets compared to $1.7 million in debt.
He listed Las Vegas as his current city of residency.
"Everyone's life in general has peaks and valleys, and obviously when I have my valleys it's hell," Canseco said to ESPN in May 2012.
At the time he was playing independent league baseball and earning $1,000 a month.
Just days earlier, Canseco was signing autographs at TRISTAR Sports Memorabilia, inside the Miracle Mile Shops at Planet Hollywood.
"He was great to all his fans, he was willing to go above and beyond," said TRISTAR's Tyler Feldman
The signing was on May 5. Canseco drew a big crowd and made some money.
"Jose made us some money, he made some money. Everyone was happy. Can't complain, that's why we'd have him again," said Feldman.
The pay for the signing is nothing compared to Canseco's playing days. In his 17-year career, he made more than $48 million.
He's also authored a best selling book, and now it's all gone.
Canseco doesn't seem to be sweating it too much. Tuesday on Twitter he said, "My life sucks but it's better than yours."
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