Friday, September 23, 2011

Stars who Went Broke


Stars who Went Broke


Chris McAlister
Former Baltimore Ravens player Chris McAlister claims he has to live with his parents despite signing a multimillion-dollar contract in 2004. Of course, he’s not the first famous person to end up broke. Read through our slide show to see who else lost it all.
Burt Reynolds
The “Smokey and the Bandit” star, who filed for bankruptcy in 1996 after his divorce from this actress, is facing foreclosure on his $9 million Florida estate
Heidi Montag and Spencer Pratt
The married former reality stars and tabloid staples say they spent all of their money and now have to live in Pratt’s parents’ beach house.
Toni Braxton
The six-time Grammy winner and reality star filed for bankruptcy a second time last year after amassing millions in debt
Toni Braxton
The six-time Grammy winner and reality star filed for bankruptcy a second time last year after amassing millions in debt
Sarah Ferguson
The Duchess of York, who has battled money woes for years, was caught on tape attempting to sell access  to her royal ex-husband to an undercover reporter.
Teresa Giudice
The “Real Housewives of New Jersey” star and her husband filed for bankruptcy in 2009 after accumulating millions in debt.
Nicolas Cage
The Oscar winner was forced to put some of his properties on the market after failing to pay taxes for several years.
Mike Tyson
The former heavyweight champion, who once spent $2 million on a bathroom fixture,filed for bankruptcy in 2003 after accumulating millions in debt
Randy Quaid
The “Independence Day” star and conspiracy theorist filed for bankruptcy in 2000 after his aptly named film bombed at the box office.

MC Hammer
The “U Can’t Touch This” rapper went from buying $30 million mansions to accumulating millions in debt by 1996.
Heidi Fleiss
The “Hollywood Madam” was a multimillionaire when she was busted for running a high-dollar prostitution ring.
Kim Basinger
The Oscar-winning actress filed for bankruptcy after an ill-fated attempt to own an entire

Willie Nelson
The “Red-Headed Stranger,” who found himself in hot water with the IRS in 1990, released a hilariously titled album to help pay off the debt.

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