15 Shocking Celebs Who Went Bankrupt More Than Once

By on November 17, 2015

moviepilot.com

moviepilot.com

15. Burt Reynolds

Burt Reynolds applied for Chapter 11 in 1996. At this time, he owed over $11.2 million in debt because of a few bad investments in real estate, an unsuccessful restaurant venture, and a pricey divorce from his wife, Loni Anderson. During this time, the Boogie Nights star was nearly $10 million in debt. Again, in 2011, a foreclosure lawsuit was filed against Reynolds’s Florida estate by the Merrill Lynch Credit Corporation.

 

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