This is very sad, after the death of Whitney Houston, Dionne Warwick is broke. As you know, Dionne Warwick is the cousin of the late queen of love ballads, Houston. She has filed bankruptcy and allegedly only has $1,000. If Whitney was alive, she no doubt would help her, for we heard she was a very generous person.
According to CNN.com, Dionne Warwick filed for bankruptcy last week, citing more than $10 million in tax debt dating back to 1991. To break it down more clear, along with $7 million in federal IRS debt, Warwick said she owes more than $3 million to the state of California in franchise taxes. Another $500,000 is owed to a lawyer and a business manager.
Hopefully, the 72-year-old legendary songstress will be able survive, after allegedly going bankrupt. Dionne is in our prayers.
Dionne Warwick, down to $1,000 cash, files for bankruptcy
By Alan Duke, CNNLos Angeles (CNN) -- Dionne Warwick, one of the most recognizable pop voices of the 1960s, filed for bankruptcy last week, citing more than $10 million in tax debt dating back to 1991.
"Due to several consecutive years (the late '80s through the mid-'90s) of negligent and gross financial mismanagement, Dionne Warwick has realized the...Read full article, here.
Source and Photo: CNN.com