Pick a Day

Featured Category : Money Problems

April 1, 1996 After blowing through more than $30 million, MC Hammer files for bankruptcy protection.More

July 3, 1995 The members of R&B group TLC file for bankruptcy despite continued success.More

February 2, 1993 Willie Nelson settles his $17 million tax debt with the US Internal Revenue Service by paying them $9 million in cash and assets already seized. Some of the cash was raised through sales of his 1991 album The IRS Tapes: Who'll Buy My Memories, released specifically to fund his payout.

June 3, 1991 In an effort to pay off his tax debt, Willie Nelson releases Who'll Buy My Memories: The IRS Tapes. Available by mail order at (800) IRS-TAPE, it's part of a deal Nelson made with the IRS to help reconcile his whopping $32 million tax bill.

October 17, 2007 The state of California announces that Dionne Warwick owes nearly $2.67 million in back taxes.

April 28, 2006 ABBA member Bjorn Ulvaeus is accused by the Swedish government of $12 million US in delinquency of back taxes.

December 14, 1992 Merle Haggard, 55, files for bankruptcy on the same day that his wife gives birth to his sixth child, a son named Binion (Ben). Haggard, whose tax problems led to the filing, sells the copyrights to many of his songs to pay off the debt.

August 14, 1992 Wayne Newton, with debts of over $20 million, files for bankruptcy. Newton made millions entertaining in Las Vegas, but made some bad investments in the '80s that led to the filing.

November 9, 1990 The IRS comes after Willie Nelson, who owes $16 million in back taxes. His assets, including master tapes, clothing and gold records, are seized. Nelson saves his favorite guitar, Trigger, by having it sent to Maui before the feds arrive.

November 8, 1988 Jerry Lee Lewis declares bankruptcy.

April 9, 1985 Frankie Goes to Hollywood open a European tour in Copenhagen, then spend the rest of the year in tax exile from the United Kingdom.

March 28, 1984 Mick Fleetwood, whose band Fleetwood Mac had the biggest-selling album of all time just seven years earlier, files for bankruptcy.

May 12, 1983 Meat Loaf files for bankruptcy.

October 9, 1980 Despite years of hits in the UK, Gary Glitter declares bankruptcy.

July 14, 1980 Former Beatles and Rolling Stones manager Allen Klein begins a two-month jail term for income tax evasion.