Big Names Who've Gone Bust

Dipping into debt is something that we might all be worried about as wages don’t seem to stretch as far as they used to, but it isn’t just us mere mortals with monetary issues. Many big names worth millions have racked up bills that they cannot pay, so have been made bankrupt.

This presentation shows 10 big names who’ve gone bust, ranging from Hollywood actors to household names who have all got into dangerous water by delving too deep into debt.

This is a presentation brought to you by http://www.whativa.co.uk/

Transcript

1. Dipping into debt is something that we might all be worried about as wages don’t seem to stretch as far as they used to, but it isn’t just us mere mortals with monetary issues. Many big names worth millions have racked up bills that they cannot pay, so have been made bankrupt. Below is our top 10 big names who’ve gone bust, ranging from Hollywood actors to household names who have all got into dangerous water by delving too deep into debt.
2. B A N K R U P T 2 0 0 8 Couldn’t afford the final £82,000 of a £417,000 tax bill. KERRY KATONA SINGER ATOMIC KITTEN
3. B A N K R U P T 2 0 1 2 Invested in Ireland property, & prices slumped. In 2011 they were 50% lower than in 2006. SHANE FILAN SINGER WESTLIFE
4. B A N K R U P T 2 0 0 2 Elton spent $450,000 a month on flowers alone. ELTON JOHN SINGER SONGWRITER
5. B A N K R U P T 2 0 0 9 Nicholas also spent $2.3m on a medieval castle in Germany. NICHOLAS CAGE ACTOR
6. B A N K R U P T 2 0 0 9 His debts mounted following a nasty divorce from actress Loni Anderson. BURT REYNOLDS ACTOR
7. B A N K R U P T 1 9 9 6 Hammer allegedly paid around $500,000 to his 300 staff. MC HAMME R RAPPER
8. B A N K R U P T 1 9 9 3 Basinger bought a whole town in Georgia but later lost it all after a legal battle. KIM BASING ER ACTRESS
9. B A N K R U P T 2 0 0 8 Owed $300,000 to Limousine companies. MIKE TYSON BOXER
10. B A N K R U P T 2 0 0 7 Couldn’t repay the loan on his NeverLand ranch originally bought for $17m. MICHAEL JACKSON SINGER SONGWRITER
11. B A N K R U P T 1 9 9 8 & 2 0 1 0 Poor money management. Insists royalties for her songs were not paid. TONI BRAXTO N SINGER
12. If you are in debt, get your most pressing questions answered today by seeking the right advice and assistance. A What IVA trusted partner can answer your debt questions and provide specialist, honest advice. www.whativa.co.uk