The 72-year-old filed last week in the U.S. Bankruptcy Court in Newark, listing just $25,500 in assets, and claiming the grand total of $10 a month after covering her expenses, according to the New York Daily News.
The bulk of Warwick’s staggering debt stems from unpaid taxes — and her publicist, Kevin Sasaki, has blamed “negligent and gross financial mismanagement” for his client’s credit Armageddon — explaining that the debt comes from penalties and interest on back taxes that have since been settled.
The singer, whose hits include the classics, Do You Know the Way to San Jose?, I Say A Little Prayer and Walk On By, lists her average monthly income as $20,950 and outgoings as $20,940 — with assets of two pairs of diamond earrings, two fur coats, furniture, clothes, artwork and a measly $1,000 in cash.
Dionne Warwick Files For Bankruptcy — $10.7 Million In Debt! was originally published on rnbphilly.com