July 8 (Bloomberg) -- Lenny Dykstra filed for Chapter 11 bankruptcy protection in a petition that says the former Major League Baseball All-Star owes between $10 million and $50 million dollars.

The former center fielder for the New York Mets and Philadelphia Phillies has less than $50,000 worth of assets and between 50 and 99 creditors, according to a petition filed with the U.S. Bankruptcy Court for the Central District of California in the San Fernando Valley.

Dykstra, 46, already faces about 20 lawsuits stemming from his entrepreneurial work, including The Players Club, a start-up magazine. He owes JPMorgan Chase & Co. $12.9 million, according to the filing, and Bank of America Corp.’s Countrywide and credit-card units a combined $4.2 million.

The case is In re Lenny Kyle Dykstra, U.S. Bankruptcy Court for the Central District of California (San Fernando Valley), No. 09-18409.

To contact the reporter on this story: Aaron Kuriloff in New York at akuriloff@bloomberg.net.

Last Updated: July 8, 2009 14:07 EDT