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Dionne Warwick files for bankruptcy

WENN

Singer Dionne Warwick has filed for bankruptcy over a tax debt dating back almost 20 years. Her attorney Daniel Stolz has confirmed the news to Rolling Stone magazine, insisting the "Walk on B"y singer was the "innocent victim of terrible mismanagement."

He says, "Ms. Warwick had a business manager who mismanaged her affairs. Before she knew it, she owed a gazillion (sic) 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."

Stolz goes on to claim Warwick was unable to work out an agreement with tax officials in the U.S. after firing her former financial manager. Last year, she appeared on a list of the top 500 people owing the most in unpaid taxes in the state of California.

Stolz adds, "We had no other resort other than to file (for) bankruptcy, so that we could get this off her back finally." Warwick filed with the state of New Jersey last week.

5Comments
Mar 26, 2013 10:00AM
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I can't believe her psychics didn't see it coming...
Mar 26, 2013 7:18AM
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Let's ignore the whole "drugs and alcohol addiction" thing, yup...gotta be terrible mismanagement.
Mar 25, 2013 4:30PM
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Really just file for bankruptcy and it all goes away? How wonderful for her. What are the stipulations on that? Houses have to be sold? Cars? Jewelry?....Will she have to move into an apartment? All income from past recordings will be garnisheed? ...I'm just asking from a regular person point of view because it's much different for us out here in the real world. Most people go to jail, and this has been going on for 20 years?
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