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Big Names 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. BAN KRUPT 20 0 8 SHANE FILAN SINGER WESTLIFE £4.5m CRASH FROM HOUSING Invested in Ireland property & prices slumped. In 2011 they were 50% lower than in 2006. BANKR UPT 2012 ELTON JOHN SINGER SONGWRITER $2m SZMMONTH OVERSPEND EVERY Elton spent $450,000 a month on flowers alone. BANKRUPT 2 0 0 2 NICHOLAS CAGE ACTOR S6.2MTAXES OWED IN Nicholas also spent $2.3m on a medieval castle in Germany. BANKRUPT 20 0 9 BURT REYNOLDS ACTOR SIOmaine BITTER IDIVORCE His debts mounted following a nasty from actress Loni Anderson. BAN K RUPT 2 0 0 9 MC HAMMER RAPPER $13m LIVING THE HIGH LIFE Hammer allegedly paid around $500,000 to his 300 staff. BANKRUPT 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 LUXURY ICRUISE Owed $300,000 to Limousine companies BANKRUPT 2 0 0 4 MICHAEL JACKSON SINGER SONGWRITER $25m SZ5MLAND | NEVER NEVER Couldn't repay the loan on his NeverLand ranch originally bought for $17m. BANKRUPT 20 0 7 TONI BRAXTON SINGER $50ms ROYALTY lisSUES Poor money management. Insists royalties for her songs were not paid. BANKRUPT 19 9 8 20 10 debtconsolidation Help with 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.

Big Names Who've Gone Bust

shared by Barbalooot on Jan 29
This infographic looks at some of the famous names who have declared bankruptcy in recent years, for various "showbiz" related reasons!


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