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The Baltimore Sun

Celebrity bankruptcies: 12 famous faces, and flame-outs

Celebrities, they’re just like us: broke. Not all of them and not all of the time, of course, but even those who live lives of wealth and renown sometimes find themselves short of the former. At which point, like so many other individuals and corporations before them, they file for bankruptcy. The reasons for celebrity bankruptcy vary, of course. There are the classics: extravagant divorce and creative accounting. There are also more novel explanations, such as entourage bloat or the financial burdens that arise from buying a small town.-- Brendan Buhler