Dionne Warwick Files for Bankruptcy
Wed, 27 Mar 2013 12:22:20
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Oh no! Singer Dionne Warwick has filed for bankruptcy due to a tax debt that is 20-years-old. Yikes.
Her attorney Daniel Stolz says that his client was a victim of financial mismanagement. Uh, yeah, sounds like it.
Stolz said, "Ms. Warwick had a business manager who mismanaged her affairs. Before she knew it, she owed a gazillion dollars in taxes. She's actually paid more than the face amount of the taxes, but with all of the crazy interest and penalties that they add, the number kept mushrooming."
A gazillion? That's a lot.
The singer was unable to work out an agreement with tax officials, even though she fired her former financial manager.
She had no other choice but to file for bankruptcy.
What is your favorite Dionne Warwick song?