Belfast Telegraph

Friday 30 January 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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Your Horoscopes by Russell Grant

Aquarius:

A cherished dream is elusive. It will be best to change gear, at least for the immediate future. Pursue a moneymaking opportunity with creative appeal. Getting paid to exercise your imagination will lift your spirits. By the time you finish this assignment, you may be in better condition to pursue your primary goal. A brilliant idea for operating on a shoestring budget will come. At that point, nothing will stand between you and success. Stay calm and take things one step at a time.More