Grammy-winning singer Dionne Warwick, has filed for bankruptcy because of unpaid taxes that total about $10.7 million. According to reports, her debt started growing in the 1990s, and was originally only $2.2 million.
After 50 years in show biz, the singer said all she had to show for it was $1,000 cash; assorted pieces of decades-old furniture; clothes; artwork and paintings; two fur coats, and two pairs of diamond earrings.
The vast majority of her debt is $10.2 million in tax claims from the IRS and the state of California. She also owes a former manager about $500,000, and ran up a $20,000 Visa card debt, court papers showed.
With the amount she currently owes, this is bound to be a long, drawn out case.