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

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

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    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.