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PHOTOS: Celebrities Who Have Filed Bankruptcy

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Mar. 19 2015, Updated 12:42 p.m. ET

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Celebrities Who Have Filed Bankruptcy

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1. Tia Carrere: The Wayne’s World beauty went financially bust in 1986, filing for bankruptcy after a legal dispute with ABC because she wanted to leave the cast of General Hospital to take a gig on The A-Team.

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Source: WENN

Tia Carrere: The Wayne's World beauty went financially bust in 1986, filing for bankruptcy after a legal dispute with ABC because she wanted to leave the cast of General Hospital to take a gig on The A-Team.

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2. Burt ReynoldsBurt Reynolds: The Evening Shade star’s 1996 divorce proceeded him filing bankruptcy to the tune of $10 million in the red, though he kickstarted a career resurgence just a year later with his Oscar-nominated performance of XXX director Jack Horner in 1997’s Boogie Nights, parlaying the unexpected accolades into a steady stream of profitable show biz gigs thereafter.

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Source: WENN

Burt ReynoldsBurt Reynolds: The Evening Shade star's 1996 divorce proceeded him filing bankruptcy to the tune of $10 million in the red, though he kickstarted a career resurgence just a year later with his Oscar-nominated performance of XXX director Jack Horner in 1997's Boogie Nights, parlaying the unexpected accolades into a steady stream of profitable show biz gigs thereafter.

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3. Toni Braxton: The ravishing R&B star, a six-time Grammy winner who’s sole more than 40 million albums, has declared bankruptcy twice, both in 1998 and 2010.

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Source: WENN

Toni Braxton: The ravishing R&B star, a six-time Grammy winner who's sole more than 40 million albums, has declared bankruptcy twice, both in 1998 and 2010.

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4. Teresa Giudice: The Real Housewives of New Jersey star and her husband Joe filed for Chapter 7 bankruptcy in the fall of 2009, claiming her husband’s real estate investments plummeted with the economy, leaving them more than $8,700,000 in the red.

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Source: WENN

Teresa Giudice: The Real Housewives of New Jersey star and her husband Joe filed for Chapter 7 bankruptcy in the fall of 2009, claiming her husband's real estate investments plummeted with the economy, leaving them more than $8,700,000 in the red.

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5. Willie Nelson: The On The Road Again singer was deep in debt to the taxman in 1990, claiming in court papers that he owed the IRS more than $16.7 million when filing for bankruptcy that year.

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Source: WENN

Willie Nelson: The On The Road Again singer was deep in debt to the taxman in 1990, claiming in court papers that he owed the IRS more than $16.7 million when filing for bankruptcy that year.

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6. Suge Knight: The rap mover-and-shaker — whose Death Row label spawned stars like Tupac Shakur, Dr. Dre and Snoop Dogg — filed for bankruptcy in 2006, claiming in court papers he had just $11 to his name.

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Source: WENN

Suge Knight: The rap mover-and-shaker -- whose Death Row label spawned stars like Tupac Shakur, Dr. Dre and Snoop Dogg -- filed for bankruptcy in 2006, claiming in court papers he had just $11 to his name.

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7. LaToya Jackson: The quirky bombshell of the Jackson clan, who’s appeared in Playboy, could not replicate her brother Michael’s success on the charts, leading her to declare bankruptcy in 1995 after amassing a mountain of debt connected to her ill-fated singing career.

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Source: WENN

LaToya Jackson: The quirky bombshell of the Jackson clan, who's appeared in Playboy, could not replicate her brother Michael's success on the charts, leading her to declare bankruptcy in 1995 after amassing a mountain of debt connected to her ill-fated singing career.

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8. Mike Tyson: The biting boxer made more than $300 million in his legendary career, but reported a debt of $27 million during a 2003 bankruptcy hearing.

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Source: WENN

Mike Tyson: The biting boxer made more than $300 million in his legendary career, but reported a debt of $27 million during a 2003 bankruptcy hearing.

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9. Larry King: Prior to a career-defining 25-year-run on CNN, the retired talk show icon had his share of financial worries, filing for bankruptcy in 1978 after he was unable to make good on more than $350,000 in debt.

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Source: WENN

Larry King: Prior to a career-defining 25-year-run on CNN, the retired talk show icon had his share of financial worries, filing for bankruptcy in 1978 after he was unable to make good on more than $350,000 in debt.

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10. Cyndi Lauper: The True Colors singer was not seeing green during some early career struggles — filing for bankruptcy in 1981, after her group Blue Angel disbanded and was sued by their manager — but put herself on the map just two years later with her enduring pop anthem, Girls Just Wanna Have Fun.

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Source: WENN

Cyndi Lauper: The True Colors singer was not seeing green during some early career struggles -- filing for bankruptcy in 1981, after her group Blue Angel disbanded and was sued by their manager -- but put herself on the map just two years later with her enduring pop anthem, Girls Just Wanna Have Fun.

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11. Stephen Baldwin: The I’m a Celebrity, Get Me Out Of Here personality and his wife Kennya declared Chapter 11 around the time he appeared on the NBC reality show alongside Spencer Pratt and Heidi Montag in the summer of 2009, claiming debts of more than $2.3 million.

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Source: WENN

Stephen Baldwin: The I'm a Celebrity, Get Me Out Of Here personality and his wife Kennya declared Chapter 11 around the time he appeared on the NBC reality show alongside Spencer Pratt and Heidi Montag in the summer of 2009, claiming debts of more than $2.3 million.

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12. MC Hammer: U Can’t Touch This was clearly not written about Hammer’s bankroll: the Bay Area-based rapper reported a debt of more than $13.7 million during a 1996 bankruptcy court hearing, less than seven years after the release of his multi-Platinum selling album, Please Hammer Don’t Hurt ‘Em.

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Source: WENN

MC Hammer: U Can't Touch This was clearly not written about Hammer's bankroll: the Bay Area-based rapper reported a debt of more than $13.7 million during a 1996 bankruptcy court hearing, less than seven years after the release of his multi-Platinum selling album, Please Hammer Don’t Hurt ‘Em.

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13. Donald Trump: Yes, Mr. Moneybags really was pulling his pockets out at one point: the host of NBC’s The Apprentice has filed for bankruptcy on two occasions, though rebounded, as his estimated net worth had climbed to $2 billion as of 2010.

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Source: WENN

Donald Trump: Yes, Mr. Moneybags really was pulling his pockets out at one point: the host of NBC's The Apprentice has filed for bankruptcy on two occasions, though rebounded, as his estimated net worth had climbed to $2 billion as of 2010.

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14. Mindy McCready: The Celebrity Rehab star’s well-known battles with substance abuse have overshadowed her financial struggles, as she filed for bankruptcy in 1997, a year after breaking onto the music scene with hits like Guys Do It All the Time, Maybe He’ll Notice Her Now and A Girl’s Gotta Do.

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Source: WENN

Mindy McCready: The Celebrity Rehab star's well-known battles with substance abuse have overshadowed her financial struggles, as she filed for bankruptcy in 1997, a year after breaking onto the music scene with hits like Guys Do It All the Time, Maybe He'll Notice Her Now and A Girl's Gotta Do.

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15. Gary Coleman: The diminutive Diff’rent Strokes star sure could have used Mr. Drummond’s help in 1999, when he filed for bankruptcy. The late child star, who played Arnold Drummond on the hit 80s comedy, said medical expenses and mismanagement were the reasons he was out of cash.

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Source: WENN

Gary Coleman: The diminutive Diff'rent Strokes star sure could have used Mr. Drummond's help in 1999, when he filed for bankruptcy. The late child star, who played Arnold Drummond on the hit 80s comedy, said medical expenses and mismanagement were the reasons he was out of cash.

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16. Kim Basinger: The blonde Batman stunner took a huge financial hit after she lost a case against after backing out of the lead role in 1993’s tawdry Boxing Helena, paying Main Line Pictures $8.1 million in damages, which landed her in bankruptcy court that year.

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Source: WENN

Kim Basinger: The blonde Batman stunner took a huge financial hit after she lost a case against after backing out of the lead role in 1993's tawdry Boxing Helena, paying Main Line Pictures $8.1 million in damages, which landed her in bankruptcy court that year.

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17. Lawrence Taylor: The ferocious New York Giants defender, a one-time Wrestlemania main eventer and Dancing With The Stars contestant, filed for bankruptcy in 1998 in hopes of protecting his home against foreclosure.

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Source: Splashnews

Lawrence Taylor: The ferocious New York Giants defender, a one-time Wrestlemania main eventer and Dancing With The Stars contestant, filed for bankruptcy in 1998 in hopes of protecting his home against foreclosure.

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18. Lenny Dykstra: The former speed burner for the New York Mets and Philadelphia Phillies had a string of early successes as a businessman after his playing days ended, but had to declare bankruptcy in 2009 facing a long line of creditors; his star fell further in late 2010, when he was accused of bouncing a check to porn star/escort Monica Foster for her services.

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Source: Landov

Lenny Dykstra: The former speed burner for the New York Mets and Philadelphia Phillies had a string of early successes as a businessman after his playing days ended, but had to declare bankruptcy in 2009 facing a long line of creditors; his star fell further in late 2010, when he was accused of bouncing a check to porn star/escort Monica Foster for her services.

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