Dionne Warwick files for bankruptcy
Singer Dionne Warwick has filed for bankruptcy over a tax debt dating back almost 20 years.
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Her attorney, Daniel Stolz, has confirmed the news to Rolling Stone magazine, sayinginsisting that Warwick was the "innocent victim of terrible mismanagement."
He says, "Ms. Warwick had a business manager who mismanaged her affairs. Before she knew it, she owed a gazillion dollars in taxes. She's actually paid more than the face amount of the taxes, but with all of the crazy interest and penalties that they add, the number kept mushrooming."
Stolz goes on to claim Warwick was unable to work out an agreement with tax officials after firing her former financial manager.
Last year, she appeared on a list of the top 500 people owing the most in unpaid taxes in the state of California.
Stolz adds, "We had no other resort other than to file (for) bankruptcy, so that we could get this off her back finally."
Warwick filed with the state of New Jersey last week.
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