Kim Basinger
Kim Basinger found herself broke after failing to be able to pay $8.1 million for damages incurred from breaking a contract. She was accused of breach of contract when she backed out of doing a movie titled Boxing Helena. Four years before Basinger filed for bankruptcy she had purchased a Georgia town known as Braselton at a cost of $20 million. Two years after she filed for bankruptcy she sold her ownership of Braselton.
Vince Neil
Vince Neil was sued for $16,000 in 2010 by a bankruptcy lawyer that had represented him previously. Twice in his life, Vince Neil has gone into debt.
These stories are all proof that becoming famous does not necessarily mean a celebrity is set for life. The responsible ones succeed in keeping their money while others make foolish choices and lose it.
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