Dionne Warwick files for bankruptcy

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TRENTON, NJ – When you’re a five-time Grammy winner, life should be pretty sweet, huh?! Well it’s not if you’re Dionne Warwick.

The singer filed for Chapter 7 bankruptcy in a New Jersey court. Dionne listed $25,500 in assets and more than $10.7 million in liabilities. She claims she makes $20,950, but has $20,940 in expenses. You do the math, that leaves her with $10. Not a whole lot of wiggle room there!

Her publicists says bad financial management in the 1980s and 90s is to blame. You know, back in the day Dionne was a spokesperson for the Psychic Friends Network – too bad she couldn’t see this coming!