Money Woes Got You Down? Let Jose Canseco Walk You Through Bankruptcy

Written by Ashley Burns / 08.07.12

As I pointed out last week, Jose Canseco, the former baseball player who uses Twitter to beg Major League Baseball teams to consider signing a 48-year old designated hitter, now has a new gig as a columnist for Vice. In his debut at that site last week, Canseco weighed in on the necessity of guns in the wake of the Aurora, CO shooting. Canseco’s ultimate point was that if you’re not a juiced up martial artist, you need guns because you’re not an imposing force of fists like he is.

This week, Canseco is back to discuss something that’s more near and dear to his heart – bankruptcy. Canseco admits that he just filed for Chapter 7 bankruptcy last week, and that’s shocking. I thought for sure that the guy who was once evicted from his home and needed pro bono legal representation to get his chandeliers back would have been doing just fine. Shows what I know.

Regardless, please allow the man who now claims to be a victim of the government’s evil ways to dispense his incredible amazing financial advice.

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The Dugout: Frankruptcy!

Written by Brandon Stroud / 07.01.11

The Dodgers are bankrupt, and their situation isn’t getting any better. From a report posted last night on CBS Sports’ Eye on Baseball:

The Los Angeles Dodgers — who recently filed for Chapter 11 bankruptcy protection — issued payroll checks to some “game day staff members” that bounced, according to TMZ.com. The website actually obtained a check for $497.54 that shows it was returned to the employee by the bank and was stamped with “refer to maker,” which means there were insufficient funds in the Dodgers’ account. The check was signed by Dodgers owner Frank McCourt and issued on June 24. TMZ notes the Dodgers said that some checks did bounce but have since been reissued.

In the meantime, Dodgers employees better not spend their money until their paycheck definitely clears.

And that brings us to today’s Dugout, which covers the bouncing checks and finds out exactly what Frank McCourt has been doing with his giant pile of burning money. It follows.

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