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Pictures | Wed Jul 15, 2015 | 3:05am IST

Bankrupt celebrities

Rapper 50 Cent filed for bankruptcy protection on July 13, 2015, reporting debts and assets in the range of $10 million to $50 million. Lawyers for the "Get Rich or Die Tryin" singer filed court papers in U.S. Bankruptcy Court in Hartford under the musician's real name, Curtis James Jackson III. The 40-year-old New York born entertainer called the voluntary Chapter 11 filing in a Connecticut bankruptcy court a "strategic business move" that would not affect fans. REUTERS/David McNew

Rapper 50 Cent filed for bankruptcy protection on July 13, 2015, reporting debts and assets in the range of $10 million to $50 million. Lawyers for the "Get Rich or Die Tryin" singer filed court papers in U.S. Bankruptcy Court in Hartford under the...more

Rapper 50 Cent filed for bankruptcy protection on July 13, 2015, reporting debts and assets in the range of $10 million to $50 million. Lawyers for the "Get Rich or Die Tryin" singer filed court papers in U.S. Bankruptcy Court in Hartford under the musician's real name, Curtis James Jackson III. The 40-year-old New York born entertainer called the voluntary Chapter 11 filing in a Connecticut bankruptcy court a "strategic business move" that would not affect fans. REUTERS/David McNew
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Business mogul Donald Trump has never declared personal bankruptcy, but four of his businesses have filed for protection. REUTERS/L.E. Baskow/Las Vegas Sun

Business mogul Donald Trump has never declared personal bankruptcy, but four of his businesses have filed for protection. REUTERS/L.E. Baskow/Las Vegas Sun

Business mogul Donald Trump has never declared personal bankruptcy, but four of his businesses have filed for protection. REUTERS/L.E. Baskow/Las Vegas Sun
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Boxer Mike Tyson filed for bankruptcy in 2003 after extravagantly spending nearly $300 million. REUTERS/Brendan McDermid

Boxer Mike Tyson filed for bankruptcy in 2003 after extravagantly spending nearly $300 million. REUTERS/Brendan McDermid

Boxer Mike Tyson filed for bankruptcy in 2003 after extravagantly spending nearly $300 million. REUTERS/Brendan McDermid
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Musician Cyndi Lauper filed for bankruptcy following a lawsuit related to the breakup of her previous band Blue Angel, before her successful solo career. REUTERS/Danny Moloshok

Musician Cyndi Lauper filed for bankruptcy following a lawsuit related to the breakup of her previous band Blue Angel, before her successful solo career. REUTERS/Danny Moloshok

Musician Cyndi Lauper filed for bankruptcy following a lawsuit related to the breakup of her previous band Blue Angel, before her successful solo career. REUTERS/Danny Moloshok
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Football player Michael Vick filed for bankruptcy in July 2008. Among the creditors was the Atlanta Falcons, which sought to recover part of Vick's $37 million signing bonus following the dog fighting indictments. REUTERS/Sean Gardner

Football player Michael Vick filed for bankruptcy in July 2008. Among the creditors was the Atlanta Falcons, which sought to recover part of Vick's $37 million signing bonus following the dog fighting indictments. REUTERS/Sean Gardner

Football player Michael Vick filed for bankruptcy in July 2008. Among the creditors was the Atlanta Falcons, which sought to recover part of Vick's $37 million signing bonus following the dog fighting indictments. REUTERS/Sean Gardner
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Television personality Larry King declared bankruptcy in 1978 before his CNN success. He was arrested and charged with grand larceny for allegedly stealing $5,000 from his business partner in 1971. The charges were later dropped, but the debt piled up as the scandal hurt his broadcasting career. REUTERS/Radovan Stoklasa

Television personality Larry King declared bankruptcy in 1978 before his CNN success. He was arrested and charged with grand larceny for allegedly stealing $5,000 from his business partner in 1971. The charges were later dropped, but the debt piled...more

Television personality Larry King declared bankruptcy in 1978 before his CNN success. He was arrested and charged with grand larceny for allegedly stealing $5,000 from his business partner in 1971. The charges were later dropped, but the debt piled up as the scandal hurt his broadcasting career. REUTERS/Radovan Stoklasa
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Model Janice Dickinson filed for bankruptcy in 2013, with much of her debt allegedly stemming from unpaid bills for plastic surgery procedures and back taxes to the IRS. REUTERS/Jason Redmond

Model Janice Dickinson filed for bankruptcy in 2013, with much of her debt allegedly stemming from unpaid bills for plastic surgery procedures and back taxes to the IRS. REUTERS/Jason Redmond

Model Janice Dickinson filed for bankruptcy in 2013, with much of her debt allegedly stemming from unpaid bills for plastic surgery procedures and back taxes to the IRS. REUTERS/Jason Redmond
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Musician Willie Nelson allegedly owed the IRS $32 million in unpaid taxes, forcing him to file for Chapter 11 in 1990. In 1992, Nelson released the album "The IRS Tapes: Who'll Buy My Memories?". REUTERS/Danny Moloshok

Musician Willie Nelson allegedly owed the IRS $32 million in unpaid taxes, forcing him to file for Chapter 11 in 1990. In 1992, Nelson released the album "The IRS Tapes: Who'll Buy My Memories?". REUTERS/Danny Moloshok

Musician Willie Nelson allegedly owed the IRS $32 million in unpaid taxes, forcing him to file for Chapter 11 in 1990. In 1992, Nelson released the album "The IRS Tapes: Who'll Buy My Memories?". REUTERS/Danny Moloshok
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Actor Burt Reynolds declared bankruptcy in 1996 due to extravagant spending, a divorce from Loni Anderson and failed investments in Florida restaurant chains. REUTERS/Mario Anzuoni

Actor Burt Reynolds declared bankruptcy in 1996 due to extravagant spending, a divorce from Loni Anderson and failed investments in Florida restaurant chains. REUTERS/Mario Anzuoni

Actor Burt Reynolds declared bankruptcy in 1996 due to extravagant spending, a divorce from Loni Anderson and failed investments in Florida restaurant chains. REUTERS/Mario Anzuoni
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Actress Kim Basinger went bankrupt in 1993 after being forced to repay a breach of contract for pulling out of a starring role in the film "Boxing Helena". REUTERS/Fred Prouser

Actress Kim Basinger went bankrupt in 1993 after being forced to repay a breach of contract for pulling out of a starring role in the film "Boxing Helena". REUTERS/Fred Prouser

Actress Kim Basinger went bankrupt in 1993 after being forced to repay a breach of contract for pulling out of a starring role in the film "Boxing Helena". REUTERS/Fred Prouser
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Musician MC Hammer was $13 million in debt when he filed for bankruptcy in 1996. REUTERS/Robert Galbraith

Musician MC Hammer was $13 million in debt when he filed for bankruptcy in 1996. REUTERS/Robert Galbraith

Musician MC Hammer was $13 million in debt when he filed for bankruptcy in 1996. REUTERS/Robert Galbraith
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Playboy model Anna Nicole Smith expected an inheritance after the death of her oil mogul husband J. Howard Marshall II, but when she received nothing, she sued his $1.6 billion estate for a cut. Smith declared bankruptcy in 1996 after a $850,000 judgement against her for sexual harassment of an employee. Her inheritance claim was finally rejected by the Supreme Court in 2011, four years after her death. REUTERS/Chris Kleponis

Playboy model Anna Nicole Smith expected an inheritance after the death of her oil mogul husband J. Howard Marshall II, but when she received nothing, she sued his $1.6 billion estate for a cut. Smith declared bankruptcy in 1996 after a $850,000...more

Playboy model Anna Nicole Smith expected an inheritance after the death of her oil mogul husband J. Howard Marshall II, but when she received nothing, she sued his $1.6 billion estate for a cut. Smith declared bankruptcy in 1996 after a $850,000 judgement against her for sexual harassment of an employee. Her inheritance claim was finally rejected by the Supreme Court in 2011, four years after her death. REUTERS/Chris Kleponis
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Former Major League Baseball player Jose Canseco filed for bankruptcy protection in 2012, declaring in the filing that he had less than $21,000 in assets and almost $1.7 million in liabilities, including more than $500,000 owed to the IRS. REUTERS/Lucas Jackson

Former Major League Baseball player Jose Canseco filed for bankruptcy protection in 2012, declaring in the filing that he had less than $21,000 in assets and almost $1.7 million in liabilities, including more than $500,000 owed to the IRS....more

Former Major League Baseball player Jose Canseco filed for bankruptcy protection in 2012, declaring in the filing that he had less than $21,000 in assets and almost $1.7 million in liabilities, including more than $500,000 owed to the IRS. REUTERS/Lucas Jackson
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Singer Meat Loaf declared bankruptcy in 1983 after a lawsuit from a creative partner, debts and poor sales of his 1981 album "Dead Ringer". REUTERS/Arnd Wiegmann

Singer Meat Loaf declared bankruptcy in 1983 after a lawsuit from a creative partner, debts and poor sales of his 1981 album "Dead Ringer". REUTERS/Arnd Wiegmann

Singer Meat Loaf declared bankruptcy in 1983 after a lawsuit from a creative partner, debts and poor sales of his 1981 album "Dead Ringer". REUTERS/Arnd Wiegmann
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Actor Mickey Rooney declared bankruptcy in 1962 due to financial mismanagement, and again in 1996. REUTERS/Gus Ruelas

Actor Mickey Rooney declared bankruptcy in 1962 due to financial mismanagement, and again in 1996. REUTERS/Gus Ruelas

Actor Mickey Rooney declared bankruptcy in 1962 due to financial mismanagement, and again in 1996. REUTERS/Gus Ruelas
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Designer Betsey Johnson's company filed for bankruptcy protection in 2012 amid debts to vendors, manufacturers and other creditors, though the designer herself has not filed for personal bankruptcy. REUTERS/Carlo Allegri

Designer Betsey Johnson's company filed for bankruptcy protection in 2012 amid debts to vendors, manufacturers and other creditors, though the designer herself has not filed for personal bankruptcy. REUTERS/Carlo Allegri

Designer Betsey Johnson's company filed for bankruptcy protection in 2012 amid debts to vendors, manufacturers and other creditors, though the designer herself has not filed for personal bankruptcy. REUTERS/Carlo Allegri
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Actor Gary Coleman filed for bankruptcy protection in 1999 due to financial mismanagement from himself, as well as his agent, lawyer and adoptive parents. REUTERS/Chris Pizzello

Actor Gary Coleman filed for bankruptcy protection in 1999 due to financial mismanagement from himself, as well as his agent, lawyer and adoptive parents. REUTERS/Chris Pizzello

Actor Gary Coleman filed for bankruptcy protection in 1999 due to financial mismanagement from himself, as well as his agent, lawyer and adoptive parents. REUTERS/Chris Pizzello
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