big names that have 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.

B A N K R U P T 2 0 0 8

Couldn’t afford the final £82,000 of a

£417,000 tax bill.

KERRY KATONA SINGER ATOMIC KITTEN

B A N K R U P T 2 0 1 2

Invested in Ireland property, & prices slumped.In 2011 they were 50% lower than in 2006.

SHANE FILANSINGER WESTLIFE

B A N K R U P T 2 0 0 2

Elton spent $450,000 a month on flowers alone.

ELTON JOHNSINGER SONGWRITER

B A N K R U P T 2 0 0 9

Nicholas also spent $2.3m on a medieval castle in Germany.

NICHOLAS CAGE ACTOR

B A N K R U P T 2 0 0 9

His debts mounted following a nasty

divorce from actress Loni Anderson.

BURT REYNOLDSACTOR

B A N K R U P T 1 9 9 6

Hammer allegedly paid around$500,000 to his 300 staff.

MC HAMME

RRAPPER

B A N K R U P T 1 9 9 3

Basinger bought a whole town in Georgiabut later lost it all after a legal battle.

KIM BASING

ERACTRESS

B A N K R U P T 2 0 0 8

Owed $300,000to Limousine companies.

MIKE TYSONBOXER

B A N K R U P T 2 0 0 7

Couldn’t repay the loan on his NeverLand ranch originally bought for

$17m.

MICHAEL JACKSONSINGER SONGWRITER

B A N K R U P T 1 9 9 8 & 2 0 1 0

Poor money management.Insists royalties for her songs were not paid.

TONI BRAXTO

NSINGER

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.

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