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The country legend owed the I.R.S. $16.7 million in 1990, forcing the government agency to seize his bank accounts and real estate. Nelson released an album titled “The IRS Tapes: Who’ll Buy My Memories?” to pay them what he owed.(Photo by Jeff Gentner/Getty Images)—XFINITY Music Programmers
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Toni BraxtonToni Braxton found herself back in the news in 2010 for a second bankruptcy, allegedly owing up to $50M with a net worth estimated between $1-10M. Braxton's first bout was a $3.9 million in debt from financial mismanagement when she filed for bankruptcy, and all of her household possessions, including the two Grammys she won, were priced to sell so she could pay off her creditors. (Photo by Ethan Miller/Getty Images)—XFINITY Music Programmers
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David CrosbyDavid Crosby was helplessly hoping for funds after he filed for bankruptcy in 1985 when his solo career proved to be less lucrative than his previous ventures. (AP Photo/Amy Sancetta)—XFINITY Music Programmers
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Marvin GayeThe “Let’s Get It On” crooner filed for bankruptcy in 1976 after the royalties from his next album were promised to his ex-wife as an alimony substitute. The album was titled “Here, My Dear.”(Photo by John Minihan/Evening Standard/Getty Images)—XFINITY Music Programmers
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MC HammerIn 1996, MC Hammer (Stanley Burrell) was $13.7 million in debt due to his newfound lavish lifestyle that included a $30 million mansion. (Photo by Evan Agostini/Getty Images) —XFINITY Music Programmers
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Wayne NewtonThe Vegas showman filed for bankruptcy in 1992 with $20 million in debt. He and his finances recovered, but in 2005, the IRS claimed he owed them $1.8 million in back taxes. (Photo by Frazer Harrison/Getty Images)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Willie NelsonThe country legend owed the I.R.S. $16.7 million in 1990, forcing the government agency to seize his bank accounts and real estate. Nelson released an album titled “The IRS Tapes: Who’ll Buy My Memories?” to pay them what he owed.(Photo by Jeff Gentner/Getty Images)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Cyndi LauperShe's so unusual... and, at one point, so insolvent. Lauper filed for bankruptcy in 1981 before becoming an '80s icon. (Photo by Frazer Harrison/Getty Images)—XFINITY Music Programmers
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Isaac HayesIt was hot buttered bankruptcy for the soul singer in 1976. He and his wife owed over $6 million. (Photo by Jim Dyson/Getty Images)—XFINITY Music Programmers
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LaToya JacksonLaToya may not be as talented as brother Michael, but shares his financial management skills. The lesser Jackson filed for bankruptcy in 1995 after trying her hand at a singing career. (Photo by Michael Buckner/Getty Images)—XFINITY Music Programmers
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George ClintonBankruptcy is not funkadelic... but the lead singer of Parliament had to declare it in 1985. (Photo by Kevin Winter/Getty Images)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Tom PettyMusician Tom Petty was $500,000 in debt in 1979 when he filed for bankruptcy. (Photo by Michael Buckner/Getty Images)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Meat LoafBattles and lawsuits between The Loaf and various managers and publishers left The Loaf bankrupt in the early 1980s. (Photo by Harry How/Getty Images)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Vanilla IceRob Van Winkle went bankrupt in the early 90's and was forced to supplement his income by cycle racing and touring abroad. (AP Photo/David Zalubowski)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Billy JoelBilly has gone bankrupt three times and has lost about $90,000,000 thanks to some help from his ex-brother-in-law who managed his money. (AP Photo/Jim Cooper)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
TLCTLC filed for bankruptcy in 1995, claiming debts of over 3.5 million dollars. This was due in part to Lopes' insurance payments over an arson incident.(AP Photo/File, Adam Nadel)—XFINITY Music Programmers
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Wolfgang Amadeus...Mozart ran out of money in his early 30s and was buried in an unmarked pauper's grave when he died at age 35 in 1791.—XFINITY Music Programmers
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Mick FleetwoodDrummer Mick Fleetwood went bankrupt in 1984 shortly after recording his album 'I'm Not Me'. (AP Photo/Energizer, Jamie-Andrea Yanak)—XFINITY Music Programmers
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Ted NugentThe Nuge went bankrupt in 1980 because of several failed business ventures and poor management. (Photo by Bill Pugliano/Getty Images)—XFINITY Music Programmers
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Natalie ColeNatalie Cole, who recently underwent a kidney transplant, went bankrupt in 1997 shortly after winning the Grammy for 'Best Pop Collaboration With Vocals'. (AP Photo/Matt Sayles)—XFINITY Music Programmers
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Mindy McCreadyMcCready filed for bankruptcy just a few months after scoring several Top 10 hits in the late 90's. (AP Photo)—XFINITY Music Programmers
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
