Jack Clark, a popular St. Louis Cardinal who played with the team from 1985 to 1987, has filed bankruptcy for the second time.
Clark's attorney, Robert Eggmann of Carmody MacDonald PC, said that after Clark retired, he pursued a career in radio. Clark in 2013 alleged on his radio show that Albert Pujols used performance-enhancing drugs. Pujols sued. Clark lost his radio show and issued a public retraction. Pujols dropped the suit in early 2014.
Eggmann said Clark also worked to flip houses.
"That hasn't worked, either," he said. "Jack built up a lot of business-related debt, and since he's not in the radio industry anymore, it became too much for him to handle."
The latest filing was made in bankruptcy court in St. Louis this month. The Chapter 7 bankruptcy filing, which includes Clark's wife, Angela, estimated the couple's assets total $25,011, with liabilities of $568,500.
Court papers said the assets include a 2015 Ford F-150 worth $11,000.
The liabilities include $38,676 owed to Gatestone Financial tied to a "Bank of America credit card balance" charged off, $28,983 owed to Haslag Steel, more than $49,000 owed to the Internal Revenue Service, $56,689 owed to Peoples Savings Bank related to a "loan with regard to Hermann real estate," $210,000 owed to James and Dorothy Finks, and $15,000 owed to Bernard and Carla Squitieri for a business loan. The filing also says Clark owes $478 to CenturyLink for internet service set up for a website called Chatalyze.
The filing said Clark, a Kirkwood resident, is not employed and has monthly income of $1,800 from Social Security and $2,688 from pension or retirement income. The couple has monthly expenses of $8,110, the court papers said. Angela Clark, formerly Angela Finks, is a producing sales manager at Flagstar Bank, according to the documents.
The filing also says Clark has given to charities, including at least 10 "auction packages."
Clark filed bankruptcy once before, in 1992, listing a $55,955 American Express bill and 18 vehicles ranging from a $26,000 van to a $717,000 Ferrari, according to a Dallas Morning News report from 1997. During the first bankruptcy, Clark also couldn't pay for a new multimillion-dollar home in Danville, California, and he owed $400,000 in back income taxes, according to the report.
The Morning News article chronicled Clark's turnaround, saying, "He doesn't command a prime-time athlete's salary any more, but he lives in [then NFL player] Deion Sanders' neighborhood."
A St. Louis Sports Hall of Fame biography for Clark's 2010 "Star of the Game" award says he might have been known as one of baseball’s all-time leading power hitters if not for a series of injuries. He hit at least 20 home runs for five different teams spanning 11 seasons, according to the biography.
St. Louis Cardinals legend Jack Clark files bankruptcy for second time - St. Louis Business Journal
Jack Clark, a popular St. Louis Cardinal who played with the team from 1985 to 1987, has filed bankruptcy for the second time. Clark's attorney, Robert Eggmann of Carmody MacDonald PC, said that after Clark retired, he pursued a career in radio. Clark in 2013 alleged on his radio show that Albert Pujols used performance enhancing drugs.
