Bankrupt Musicians | 1 of 10
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MC Hammer, July 1995
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MC Hammer
MC Hammer's on the comeback trail. His new reality show, "Hammertime," premieres June 14 and promises to chronicle his adjustment to middle-class life. For those of you who missed the past 13 years, Hammer filed for bankruptcy in 1996 after burning through $33 million. Since then, he's presumably adjusted to living on a budget with his five kids. Musicians burn through more cash than the Federal Reserve. When it's gone, their bailout comes in the form of tell-all books, reunion tours (that they swore they'd never do), TV commercials, and reality shows. With any luck, they get a better accountant the second time around. Here are some of the more harrowing musician bankruptcy stories. As the jobless rate approaches 10 percent, and foreclosures are at an all-time high, it's comforting to know we're not alone. It's hard making ends meet on just a few million a year.
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On Bitter Celebrity Custody Battles...ddfstop said "Children always suffer when their adults start acting like "children!" Tax Evation?? That woman is a fine role model for her daughter ... not! She should never be allowed to have any custody of their daughter because the daughter will only get bounced back to Jesse and Sandra the next time she decides to mess with the IRS. Even a genius will testify that that is not very smart ... forget being a genious. It ain't nice ta mess wit da IRS!!'Nuff said!"
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On Celebrity Playboy Covers ...bhig bhil said "I was watching Young Frankenstien, when we thought about Terri Garr and then Bernadette Peters, as comedieenes. Then I wondered what happened to Bernadette? Well, I have found out that she is well and is still a hottie at 61. My God The Woman Looks Good! Her and Andie MacDowell have that Hair, that beautiful frizzy wonderful Hair! Go Girl"
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On "Celebrity Apprentice" Applicants' Job Qualifications...judykk334 said " I found a great dating site________ W e a l t h y O n l y. c o m ________. The best dating club for seeking the rich singles, sexy beauties. What's the most important is that you don't have to be a millionaire, but you can meet one. BTW, Charlie Sheen found his true love on that site in 2007."
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sindy
June 17, 2009 - 03:11 AM GMT
Ag! shame so what really happened to T-boz and Chilli?