15 Celebrities Who Went Bankrupt More Than Once

Sometimes being in the limelight takes a toll. Just because celebrities are popular and famous does not mean that they will be free of any financial troubles. Even they have their own monetary crises. Stars earn huge bucks, still they can land up in debts and go into bankruptcy. This is because they do not know how to save their money and spend it wisely. They think that from the huge piles of money, they can easily buy all the luxuries and comforts. The following 15 celebrities are prime examples of this.

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Celebrities Who Went Bankrupt

We have put together a list of the top 15 stars that have filed for bankruptcy not once, but twice, thrice and so on. The list includes notable singers, entertainers, actors, and actresses. They could have gone broke because of bad breaks, bad decisions, divorce, bad investments, not paying taxes, etc. We can learn a lot of things from the financial woes of these 15 celebrities. Here are the top 15 stars that have lost millions of their hard earned money.

15. Burt Reynolds

 

Burt Reynolds

Burt Reynolds applied for Chapter 11 in 1996. At this time, he owed over $11.2 million in debt because of a few bad investments in real estate, an unsuccessful restaurant venture, and a pricey divorce from his wife, Loni Anderson. During this time, the Boogie Nights star was nearly $10 million in debt. Again, in 2011, a foreclosure lawsuit was filed against Reynolds’s Florida estate by the Merrill Lynch Credit Corporation.

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