Belfast Telegraph

Wednesday 20 August 2014

Warwick files for bankruptcy

Dionne Warwick has filed for bankruptcy

Singer Dionne Warwick has filed for bankruptcy as she owes nearly 10 million US dollars (£6.5 million) in back taxes.

In a Chapter 7 petition filed this month in New Jersey, Warwick lists liabilities that include nearly seven million dollars (£4.6 million) owed to the Internal Revenue Service for the years 1991 to 1999 and more than three million dollars (£1.9 million) in business taxes owed to the state of California. Warwick lists her current address in South Orange.

The singer of classics such as Walk On By, I Say A Little Prayer and Do You Know The Way To San Jose? also lists about 21,000 dollars (£13,000) in monthly income and about the same amount in monthly expenses.

Warwick's publicist said the singer has paid back the actual amount of the taxes but that penalties and interest have accumulated over the years.

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Leo:

A spiritual connection with the one you love is empowering. It feels wonderful to be with someone who shares your beliefs and values. Together, you can create a meaningful life. One of you may decide to break away from a conventional job for the sake of more rewarding work. The other will be in charge of creating financial stability. Be sure to express appreciation for each other's contributions. You make a great team. Best of all, you generate powerful chemistry.More