Livan Hernandez, one of the most popular pitchers in Miami Marlins history, has just filed for bankruptcy, according to court papers.
The two-time MLB All Star, 42, filed for Chapter 13 bankruptcy in federal court in Fort Lauderdale. While the case is in its infancy and shows no precise numbers, Hernandez declared owing up to $1 million to as many as 50 creditors.
His debts are mainly consumer-style IOUs, Hernandez’s paperwork shows, to businesses like credit card companies Capital One, Chase Cards and Bank of America.
He also owes back taxes to the IRS, according to his papers, and a judgment to a local businessman who lent Hernandez $220,000 in 2013 but hasn’t been paid back.
Chapter 13 allows filers to come up with a payment plan in an attempt to make creditors whole.
Hernandez, who endeared himself to local baseball fans when he declared in tentative English his undying love for Miami after winning the 1997 World Series, is estimated to have earned more than $53 million in his 15-year career.
The sad thing is that Hernandez says he was worth less than $50,000 on the day he filed for bankruptcy, June 30.