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Dionne Warwick Files Bankruptcy Following Tax Troubles

DJ JusMusic Tue, Mar 26, 2013
Dionne Warwick Files Bankruptcy Following Tax Troubles

Soul music veteran Dionne Warwick was left with bankruptcy as her only option after being hit with a $1 million tax lien. Filed in the state of New Jersey on Thursday, March 21, the "Don't Make Me Over" hitmaker is protecting her assets, including a S.A.G. pension.

"We've found that we had no other resort other than to file bankruptcy so that we could get this off her back finally," says Daniel Stolz, Warwick's attorney. "She was an innocent victim of terrible mismanagement."

The 72-year-old music legend's tax problems goes back over a decade and a half. In 2009, she reportedly owed the government $2.2 million, but the IRS revamped her claim, reducing the amount to $1 million.

"Ms. Warwick had a business manager who mismanaged her affairs," adds Stolz. "Before she knew it, she owed a gazillion dollars in taxes. She's actually paid more than the face amount of the taxes, but with all of the crazy interest and penalties that they add, the number kept mushrooming -even though she paid off the amount that she owed in terms of the actual taxes."

With the new bankruptcy filing, Stolz is confident that Warwick's debts will be discharged and this matter will be resolved.

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