Gordon Ramsay may have to start taking some of the advice he gives when helping other people with their struggling businesses.
Ramsay, who helps struggling business owners on shows like "Kitchen Nightmares" and "Hotel Hell," and the umbrella company that handles his business endeavors, Kavalake Holdings, lost more than $10 million dollars in 2013.
The same report reveals that Kavalake has some $7 million in cash holdings but has $50.5 million in debt due in one year.
Radar does point out the debt numbers are only related to Ramsay's British business operations. He has 12 restaurants in the U.K., but has many more including locations in the United States, France, Italy and Qatar.
It's also not Ramsay's first brush with bankruptcy, but while individual restaurants may close and legal fees may pile up, the celebrity chef is or has been the star of more than a dozen popular cooking shows in the U.K. and U.S.One source of revenue, "Kitchen Nightmares," will soon be off of Ramsay's plate.
"As filming comes to a close on the latest series of 'Kitchen Nightmares' I've decided to stop making the show," Ramsay wrote on his website.
