The Miami Vice actor’s company filed for bankruptcy in 2004 to avoid having his Colorado ranch sold at auction. Johnson owed $930,000 to a bank and his other debts included $5,500 to an Aspen grocery store.
Girls just want to have funds? In 1981, Cyndi filed for bankruptcy after her first album with the Blue Angel band flopped, and then their manager sued the group. But Cyndi’s money woes were soon over when her solo album debut, She’s So Unusual, made her a huge star.
The R&B star and her husband had a $3.4 million tax lien filed against them in New Jersey. On top of that, Blige’s charity foundation was sued for failing to pay back a $250,000 loan.
The Motley Cure frontman has filed for bankruptcy twice — in 1998 and again in 2005, when he was reportedly $1.5 million deep in debt.