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Celebrity Bankruptcies

By: SSLowery

What do Don Johnson, MC Hammer and Television cook Clarissa Dickson Write (Two Fat Ladies), have in common? If you guessed they have all filed for bankruptcy you would be right!

Other Celebrities who have filed bankruptcy include, Mike Tyson, Billy Joel, Susan Powter (Stop the Insanity), and Ted Nugent. Even musical groups have filed bankruptcy, two of which are The Goo Goo Dolls, and TLC.

Claiming a variety of reasons from taxes, crooked or inept financial managers, heavy drug use, to just living lavish lifestyles and spending more than they can make. Celebrities and the seemingly rich aren’t immune to financial woes, their debts just look a little different than ours, or do they?

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