15 Shocking Celebs Who Went Bankrupt More Than Once

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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.