Who've Gone Bust

BIG NAMES WHO'VE GONE BUST Dipping into debt is something that we might all be worried about as wages don't seem to stretch as far as they used to, but it isn't just us mere mortals with monetary issues. Many big names worth millions have racked up bills that they cannot pay, so have been made bankrupt. Below is our top 10 big names who've gone bust, ranging from Hollywood actors to household names who have all got into dangerous water by delving too deep into debt. KERRY KATONA SINGER ATOMIC KITTEN £82k ERZK TAXES OWED ON Couldn't afford the final £82,000 of a £417,000 tax bill. BANKRUPT 2 0 0 8 SHANE FILAN SINGER WESTLIFE £45m FROM HOUSING CRASH Invested in Ireland property & prices slumped. In 2011 they were 50% lower than in 2006. BANK RUPT 2012 ELTON JOHN SINGER SONGWRITER $2m OVERSPEND EVERY SZM MONTH Elton spent $450,000 a month on flowers alone. BA N K R UPT 2 0 0 2 NICHOLAS CAGE ACTOR S6.2m OWED IN TAXES Nicholas also spent $2.3m on a medieval castle in Germany. BANK RUPT 2009 BURT REYNOLDS ACTOR SlOma BITTER IDIVORCE His debts mounted following a nasty divorce from actress Loni Anderson. BAN KRUPT 20 0 9 MC HAMMER RAPPER $13m | LIVING THE HIGH LIFE Hammer allegedly paid around $500,000 to his 300 staff. BANKR UPT 199 6 KIM BASINGER ACTRESS $20m BOUGHT A ITOWN Basinger bought a whole town in Georgia but later lost it all after a legal battle. BANKRUPT 199 3 MIKE TYSON BOXER SZ3MERUISE $23m LUXURY ICRUISE Owed $300,000 to Limousine companies BANK RUPT 20 0 4 MICHAEL JACKSON SINGER SONGWRITER $25m NEVER NEVER OZJIILAND Couldn't repay the loan on his NeverLand ranch originally bought for $17m. BANKRUPT 2007 TONI BRAXTON SINGER $450m: ROYALTY lisSUES Poor money management. Insists royalties for her songs were not paid. BANKRUPT 1998 & 2010 WhatIVA If you are in debt, get your most pressing questions answered today by seeking the right advice and assistance. A What IVA trusted partner can answer your debt questions and provide specialist, honest advice. www.whativa.co.uk