Belfast Telegraph

Friday 29 May 2015

Warwick files for bankruptcy

Dionne Warwick has filed 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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Gemini:

Someone will break a promise to you, which is disappointing. Don't let this setback stop you from crossing the finish line. You may have to submit an entry late or attend the last few minutes of a meeting, but take heart. Rallying in the midst of difficult circumstances will count in your favour. Someone else may get a job or scholarship, but you'll be in the running for the next opportunity. In the meantime, have an alternative plan ready when relying on others for help.More