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MC Hammer and Psy he 40th Anniversary American Music Awards 2012, held at Nokia Theatre L.A. Live - Pressroom Los Angeles, California - 18.11.12 Mandatory Credit: Adriana M. Barraza/WENN.com

12 celebrities who went bankrupt

June 17, 2013

Apparently being rich, famous and successful isn't always that easy. Bad investments, drug habits, yacht maintenance...these things can add up. Many athletes, entrepreneurs, musicians and actors have found themselves buried in debt and forced to declare bankruptcy. Some recovered to once again become wealthy and powerful...while for others, bankruptcy was just another element in their post-fame collapses.