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71 Celebrities Who Went Broke & Couldn’t Pay Back Their Loans & Mortgage Rates

#6. Michael Vick

Michael Vick used to be one of NFL highest rated players. He earned millions, and he also ran a dog-fighting ring for which he then spent nearly 2 years in prison. Maybe it was the legal fees, or maybe not, but Vick filed for bankruptcy after being released from prison.

#7. Heidi Montag & Spencer Pratt

No one should be judged for their beliefs, so when Heidi Montag and Spencer Pratt of The Hills spent all their money — to the very last dime because they believed in the Mayan apocalypse — one shouldn’t judge too harshly.

#8. Brendan Fraser

Brendan Fraser is one of those actors you can’t help but like, despite some of his cinematic choices. Sadly, it appears his financial management has suffered the same bad judgment. Whether because of child support payments or for some other reason, the actor who is said to earn $200,000 a month later filed for bankruptcy.

#9. Meatloaf

The singer fired his managers in 1981 after discovering that they were stealing money from him, and the managers retaliated by having Meatloaf’s assets frozen and suing him for breach of contract. Additionally, they spread all kinds of rumors about him behaving violently and waving guns at people. Meatloaf finally gave up and filed bankruptcy with $1.6 million of debts.

#10. 50 Cent

Curtis Jackson, aka 50 Cent, filed for bankruptcy after losing in a massive lawsuit. A jury determined that the rapper had intentionally leaked a sex tape in order to embarrass Rick Ross’ baby mama Lavonia Leviston, so they awarded her with $5 million. According to the bankruptcy filing, 50 Cent says his assets are valued between $10 and $50 million, but his liabilities are also between the same range.

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