Dykstra, 46, a star when the Mets won the 1986 World Series, also faces more than 20 lawsuits, including suits filed by his wife for divorce and his brother over a dispute regarding their partnership in a carwash. However, Dykstra's decision to file for Chapter 11 did not have anything to do with the lawsuits, Hackett said.
The main reason, he said, for the Chapter 11 petition was the foreclosure sale of Dykstra's $18 million California mansion. Hackett said Dykstra is a victim of mortgage fraud by a lender at Washington Mutual, now JP Morgan Chase.
Jose Canseco struck out early in the mortgage crisis when the baseball slugger-turned-reality-star had to let go of his $2.5 million Encino, Calif., home in May 2008. Canseco decided to ditch the mansion, citing plummeting property values and a high mortgage, reported Forbes.com in 2008.
"It didn't make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else," Canseco told "Inside Edition" last year.
Victoria Gotti, daughter of late mob boss John Gotti, apparently owes $650,000 to JP Morgan Chase Bank, which has sought to foreclose on her Old Westbury, N.Y., mansion since 2007. Lower court rulings have deemed foreclosure premature, according to People Magazine. However, an appeals court reversed that decision and the $4.2 million estate now appears to be at risk.
The house, which was used in the short-lived show that brought the Gottis into the limelight, "Growing Up Gotti," was part of a divorce package from her ex-husband, Carmine Agnello. "This should finally put to rest all the government lies and rumors that I have $200 million buried in my backyard," Gotti told the New York Post.
Willie Aames, former star of 1970s and '80s hit shows "Eight is Enough" and "Charles in Charge," joined the ranks of recession-hit celebrities when he held a garage sale at his suburban Kansas City, Kan., home. Dozens of fans showed up score pieces of Aames' TV memorabilia along with antiques, artwork and mounted deer heads.
According to the Web site TMZ, Aames filed for bankruptcy last year, and his home is in foreclosure. The garage sale was his latest move to stay afloat.
Former "Full House" star Jodie Sweetin is struggling to keep a house of her own. In November, the mom and former meth addict reportedly filed court papers describing her crumbling marriage to Cody Herpin and the sad state of their financial affairs.
"Our house is in foreclosure, our water has been shut off twice. Currently, all of our other utilities are overdue," Sweetin said in papers filed Nov. 19 in an Orange County, Calif., and reported by People Magazine. Sweetin may be able to pay some bills with the proceeds from her new tell-all. The New York Post reported that she will bare her past as a secret drug abuser in "UnSweetined," from Simon Spotlight Entertainment.
"American Idol" fame isn't helping R&B crooner Ruben Studdard pay his bills these days. In August, Studdard , the winner of "Idol's" second season, was hit with property liens for allegedly failing to pay nearly $200,000 in state and federal taxes, according to court records, the AP reported. Studdard's attorney, Byron Perkins of the Cochran Law Firm, told the Birmingham News that he believes Studdard will be able to pay off the taxes.
ABCNews' Alice Gomstyn and Nathalie Tadena contributed to this report.