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Legal
Dionne Warwick files for bankruptcy
By Andy Malt | Published on Wednesday 27 March 2013
Singer Dionne Warwick has filed for bankruptcy to escape debts of $10.7 million – mostly relating to claims by the US Internal Revenue Service in relations to her tax affairs. Announcing the move, Warwick’s publicist Kevin Sasaki said the debts were mainly due to “negligent and gross financial mismanagement” by the singer’s reps from the late 80s to the mid 90s.
Sasaki also added that Warwick had actually paid off all of her unpaid taxes for the period in question, but that penalty fees and interest had continued to grow as she struggled to do so, and those charges now account for the outstanding debt.
He added: “In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties”.
According to her filing with the US bankruptcy court, Warwick owes $10.2 million to the Internal Revenue Service. It also lists her gross monthly income as $20,950 with monthly expenses of $20,940.
