Do you know the way to bankruptcy? Dionne Warwick finds it in NJ
Grammy winner Dionne Warwick, who recently celebrated more than 50 years in showbiz, finds herself marking a new milestone: bankruptcy.
Records show that Warwick, of East Orange, New Jersey, filed for Chapter 7 bankruptcy on March 21 - the first full day of Spring - in Newark. Warwick is attempting to get out from more than a decade of accruing tax liens and fees from the IRS dating back more than a decade, and currently totaling more than $10 million.
Her filing shows assets of $25,500 and current monthly income of about $20,000. Among her assets: furniture, artwork, gowns, two fur coats and two pairs of diamond earrings. She also has a pension plan through the SAG-AFTRA union for actors and recording artists. She retains a housekeeper, personal assistant and gardner.
The singer, who lives on a rolling street in north Jersey, has sold over 100 million records, according to her biographer. She began her professional career in 1961 after being discovered by Burt Bacharach and Hal David. Her first hit came in 1962 with Don't Make Me Over. She went on to sell big with songs such as Walk on By, Alfie, Say a Little Prayer, and I'll Never Fall in Love Again. Her first Grammy Award come in 1968 for Do You Know the Way to San Jose.
Various media, including Rolling Stone, are reporting that Warwick blames her woes on a business manager who "mismanaged" her affairs. And, although she's made payments to the IRS over the years, she could not keep up with the interest and penalties, which have ballooned.