debt

7 celebrities gone bankrupt

Celebrities gone bankrupt
Previous
1 of 8
Next
Celebrities gone bankrupt © zimmytws/Shutterstock.com

Celebrities gone bankrupt

Nobody is immune from bankruptcy, not even stars who make big money. No matter how much you have, how you spend your money makes the difference.

"Be mindful about saving and thoughtful about spending," says Susan Hirshman, author of "Does This Make My Assets Look Fat?: A Woman's Guide to Finding Financial Empowerment and Success."

"Don't spend money you don't have but think you might acquire in the future," Hirshman says.

Here are 7 celebrities who were forced to declare bankruptcy, or came very close, and some advice on what we can learn from their mistakes.

Previous
1 of 8
Next

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

Debt Adviser

Don't be seduced by this debt plan

Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more

advertisement
advertisement

Connect with us