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Celebrities Who Went Bankrupt — and What They Did Wrong

Wealth and fame typically go hand in hand, but every once in a while a celebrity winds up in enough financial distress that the only option is to declare bankruptcy. Sometimes this is the result of a too-lavish lifestyle, other times the result of neglecting to pay taxes, or, in the case of an iconic rock star, a legal gambit to gain freedom from an unfair recording contract. Here are 10 celebs who declared bankruptcy — and the reasons why.



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