Dionne Warwick Bankruptcy

Dionne Warwick, 72, owes $10 million in taxes and has filed for bankruptcy.


In official documents, Warwick lists approximately $25,500 in assets and more than $10.7 million in liabilities, including $10.2 million in back taxes and fees owed to the Internal Revenue Service and the State of California.

According to her rep, Warwick's debt is the consequence of "negligent and gross financial mismanagement" in the 1980s and 1990s.

"In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed," the spokesperson claimed, adding: "These plans were not accepted, resulting in escalating interest and penalties."

It has to be mentioned that Warwick's average monthly income is documented at $20,950, while her expenses average $20,940.



Feel free to comment and share this blog post if you find it interesting!