Dionne Warwick Files for Bankruptcy
March 26, 2013
Singer Dionne Warwick has filed for bankruptcy after discovering that she owes more than $10 million in taxes.
The Grammy Award-winner filed for bankruptcy protection on March 21 in U.S. Bankruptcy Court in New Jersey, according to documents obtained by ET.
The court papers estimate the singer's total liabilities at $10.7 million -- mostly in tax claims by the Internal Revenue Service and the state of California -- compared to just $25,500 in total assets.
Warwick's publicist, Kevin Sasaki, said in a statement that the bankruptcy filing was necessary after the singer had "repeatedly attempted to offer re-payment plans and proposals" to tax authorities at the IRS and the California Franchise Tax Board. "These plans were not accepted, resulting in escalating interest and penalties,"
Warwick, 72, is a five-time Grammy winner who won her first award in 1968 for the hit Do You Know the Way to San Jose.