debt

6 celebrities gone bankrupt

Celebrities gone bankrupt
Next
1 of 8
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?" "Don't spend money you don't have but think you might acquire in the future."

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


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

Debt Adviser

How do I recover from a car repo?

Dear Debt Adviser, This one's a doozy: Back in 2009, during the recession, I lost my job, my vehicle was repossessed, and it sold for more than the loan amount. The repo is now on my credit report, and my score is in the... Read more

advertisement
Partner Center
advertisement

Connect with us