Most Bizzare Celebrity Bankruptcies

Celebrity Bankruptcy Anna Nicole Smith After her short marriage to J. Howard Marshall, the decision to award her with nearly $500 million was over turned, and she received nothing. Odd Assets: Russian lynx coat worth $43,343.75 She filed for bankruptcy after losing an $850,000 lawsuit by a former employee, alleging sexual harassment. Declared bankruptcy in1996 upload.wikimedia.org/wikipedia/c ommons/4/47/Anna_Nicole_Smith MTVMA_2005.jpg Marion "Suge" Knight "Suge" was left $11.00 in his checking account DEATH ROW After being sued by Lydia Harris for what she claimed Declared was "Being cheated out of a 50% stake in Death Row bankruptcy in 2006 Records," Suge was ordered to pay $107 million, which led to bankruptcy. mugshots.com/IMAGES/Mugshot _Marion-Suge-Knight-- mugshot.jpg Gary Coleman GARY COLEMAN MEDICAL MIRACLE "What-choo talking about parents?" Coleman's parents and manager allegedly "Mis- appropriated" $8.3 million of his child star income, leaving him only $220,000. The Coleman E Bill Dar Declared Odd Asset: snarkfood.com/wp- content/uploads/2010/05/Gary-- Coleman-SF1.jpg bankruptcy. in 1999 $3,000 model train collection Lawrence Taylor Currently, he is being charged with the statu- tory rape of a 16-year-old girl. Although some claim Taylor spent too much on cocaine, he filed after defaulting on his mortgage, to prevent foreclosure. DFANLT Declared bankruptcy in 1998 http://farm4.static.flickr.com/35 15/3184650307_ffbb910348.jpg Willie Nelson ILLI WELLE ATVLSUI Country music star Willie Nelson was singing the blues after filing for bank- ruptcy, due to a $16.7 million debt to the IRS. THE IRS TAPES In 2010, Nelson received an award from The Nobelity Project for his Nelson paid his debts in overall contri- three years, due to sales of his album "IRS Tapes: bution to world peace. Who'll Buy My Memories?" T MAPPENS Declared upload.wikimedia.org/wikipedia /commons/9/96/Willie_Nelson_a t_2007_Coachella_Valley_Music _and_Arts_Festival.jpg bankruptcy in 1990 CESER John Wayne Bobbitt 1st TIME ON DVD! Varady Seasp FRANKENPENIS PRESENTS LARS Over the years, Bobbitt has been in John Wayne Bobbit couldn't ppenedy and out of handle the medical bills after JOHN AYNE JOHN WAYNE BORITY court for theft BOBE his angry wife committed the infamous crime of cutting off his special friend. He has since tried to recoup his losses by entering the porn industry. & domestic violence. Declared i.cdn.turner.com/dr/teg/tsg/rele ase/sites/default/files/imagecac he/670xX/photos/bobbittmugs.j bankruptcy in 1993 pg MC Hammer AB6234523T At the height of his success Hammer had a $12 million mansion with gold-plated gates, a fleet of 17 vehicles, and two heli- With a 44 member entou- rage, he allegedly couldn't help but spend all of his money (especially because of mounting lawsuits). copters. Hammer had to file for bankruptcy, unable to make do with his $33 million income. Declared bankruptcy in 1996 upload.wikimedia.org/wikipedia /commons/6/66/MC_Hammer_( cropped).jpg GO 5840253 Kim Basinger HE MONT TALKE ARDUT FIL. M oF THE YEA JULIAN SANDS . SHERIL. YN FENS Boxing Helena Verbal contracts are still contracts. This was a lesson Kim Basinger learned the hard way. Odd Asset: She filed for bankruptcy due to an $8.1 million lawsuit for allegedly backing-out of her verbal agreement to star in Boxing Helena. Kim Basigner bought the city of Braselton, Georgia. Declared bankruptcy in 1993 upload.wikimedia.org/wikipedia /commons/a/a6/Kim_Basinger_( 1990).jpg Mike Tyson EVERLAST With a mounting debt of $27 million, Tyson was so poor he had to eat ears for sustenance. Despite his original worth of $300 million, Tyson's lavish lifestyle of $400,000 a month in tattoos Tyson was recently quoted saying "I'm totally destitute and broke. But I Declared bankruptcy in 2003 (allegedly), plus his divorce, led him to bank- ruptcy. have an awesome life, I have an t2.gstatic.com/images?q=tbn:2c9 OIVK5KNLUJM:http://celebsolicit.c om/wp-content/uploads/2009/11/ Mike-Tyson-Mugshot.jpg&t=1 awesome wife who cares about me." 0918697 SOURCES: http://writ.news.findlaw.com/grossman/20070212.html http://sportsillustrated.cnn.com/football/nfl/news/1998/10/30/taylor_bankruptcy/