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Dykstra

By   /   Monday, September 21st, 2009  /   Comments Off on Dykstra

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Former Major League Baseball star Lenny Dykstra is accused of disposing of thousands of dollars in furniture and fixtures, including kitchen countertops and a $40,000 Le Cornue stove, from one of his Ventura County mansions just weeks before a bankruptcy court judge in Los Angeles appointed a trustee to oversee the case.

Dykstra, 46, filed for Chapter 11 bankruptcy in July. Later court filings show that he listed $24.6 million in assets and $37.1 million in liabilities, including $1 million owed to jet charter services and $195,000 in credit card debt held with Bank of America.

In August, private-equity firm Index Investors filed a motion to have the Chapter 11 bankruptcy, a reorganization, converted to Chapter 7, a liquidation, and to have a trustee appointed to find assets and divvy them up among creditors. Among other accusations, Index Investors, which holds second and third mortgages on the Thousand Oaks property, claims that Dykstra has engaged in “systematic bad faith intentional waste,” sabotaging the property and getting rid of assets associated with the house.

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