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Livan Hernandez, former MLB pitcher who finished up a 17-year career back in 2012, filed for bankruptcy according to the Miami Herald despite making more than $48 million over his career.

The 42-year-old Hernandez reportedly owes up to $1 million to 50 creditors, back taxes and $220,000 to a local businessman on a loan. He filed Chapter 13 bankruptcy, which reportedly will allow him to come up with a plan to pay back creditors.

The filing says Hernandez is worth less than $50,000.

Hernandez defected from Cuba in 1995, signed with the Miami Marlins in 1996 and went on to lead the organization to a World Series championship in 1997.

Hernandez was a two-time All-Star while playing for the Marlins, San Francisco Giants, Montreal Expos/Washington Nationals, Arizona Diamondbacks, Minnesota Twins, Colorado Rockies, New York Mets, Atlanta Braves and Milwaukee Brewers over his career.

Ex-World Series champion, MVP’s life is falling apart just five years after retirement Jed Jacobsohn/Getty Images)
Prashad is the Senior Content Editor for Cox Media Group's FanBuzz.com. He considers Muhammad Ali, Ray Allen and Paul Pierce some of the all-time greats. Boston is TitleTown, in case you were wondering.
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