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Jose Canseco Files For Bankruptcy

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Jose Canseco of the Long Beach Armada during the Golden Baseball League game against the Fullerton Flyers on July 14,2006 at Blair Field in Long Beach, California. (credit: Christian Petersen/Getty Images)

LAS VEGAS (CBSDFW.COM/AP) - Former Texas Rangers slugger Jose Canseco has filed for bankruptcy protection in Nevada. The 1986 American League rookie of the year and 1988 league MVP with the Oakland Athletics is seeking asset liquidation in Chapter 7 documents filed Tuesday in U.S. Bankruptcy Court in Las Vegas.

Canseco’s bankruptcy attorney, Mark Segal, declined to comment Wednesday.

The bankruptcy petition says the 48-year-old Canseco lives in Las Vegas. The filing was first reported by the Las Vegas Sun. 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.

Canseco hit 462 home runs during 16 years on eight major league teams. He was a six-time All-Star and two-time World Series winner. He later admitted using performance-enhancing drugs.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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