Belfast Telegraph

Tuesday 21 October 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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Your Horoscopes by Russell Grant

Libra:

Don't let a manipulator take advantage of you. Someone with a sob story will ask for money or favours. Be prepared to turn them away. Although you want to be gracious, it simply isn't wise to give assistance to people with bad motives. Other people have warned you about this trickster. Take their advice. There's often a good reason why a person has a bad reputation. If anyone dares accuse you of being selfish, stay strong. You have a right to use your hard earned money for your own benefit.More