Dionne Warwick declares bankruptcy, owes over $10 million
UPI News Service, 03/26/2013
Dionne Warwick's publicist says the singer owes more than $10 million in unpaid taxes and has filed for bankruptcy in New Jersey.
Warwick's spokesman, Kevin Sasaki, told TMZ the 72-year-old recording artist's financial woes were caused by "negligent and gross financial mismanagement" from the late 1980s through mid-1990s.
"In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer repayment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties," Sasaki told TMZ.
Known for her songs "Do You Know the Way to San Jose," "Don't Make Me Over," "Walk on By," "I Say a Little Prayer" and "Alfie," the Grammy Award winner has $25,000 in assets, the celebrity news website said.