Dionne Warwick Files for Bankruptcy, Is $10.7 Million in Debt

By Peter Gicas
|  Tuesday, Mar 26, 2013  |  Updated 10:37 AM CDT
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Dionne Warwick Files for Bankruptcy

AP

Dionne Warwick postpones her concert in Pennsylvania to mourn the death of her cousin, Whitney Houston

Dionne Warwick is unfortunately not singing a happy tune right now.

The five-time Grammy winner filed for bankruptcy on March 21 in her home state of New Jersey, NBC reports.

According to the petition, Warwick listed total assets of $25,500 and total liabilities of more than $10.7 million in taxes owed to the Internal Revenue Service and the state of California.

In a statement, Warwick's publicist said the personal bankruptcy filing was due to "negligent and gross financial mismanagement" in the late 1980s through the mid-1990s.

The publicist also noted that while the back taxes had been paid, the penalties and interest continue to accrue.

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