9 Stars Who've Filed for Bankruptcy Some of them have even filed twice By Evann Gastaldo, Newser Staff Posted Mar 8, 2014 1:35 PM CST 10 comments Comments Actress Kim Basinger arrives at the premiere of "Twilight" in Los Angeles on Monday, Nov. 17, 2008. (AP Photo/Matt Sayles) (Newser) – Being famous doesn't guarantee you'll never go broke, as these celebrities rounded up by Radar prove. A sampling: Burt Reynolds: He filed for bankruptcy in the 1990s after his divorce; he was $10 million in debt at the time. Toni Braxton: She's declared bankruptcy not once but twice, most recently in 2010. Willie Nelson: He owed the IRS more than $16.7 million when he filed for bankruptcy in 1990. LaToya Jackson: She got into debt thanks to her failed music career, and declared bankruptcy in 1995. Larry King: He filed for bankruptcy in 1978, when he was $350,000 in debt, before making it big on CNN. Cyndi Lauper: After her group disbanded and she was sued by the manager, she filed for bankruptcy in 1981. But then her solo career took off. MC Hammer: He was more than $13.7 million in debt when he filed for bankruptcy in 1996. Donald Trump: Not only has he filed for bankruptcy—he's done so twice, but obviously rebounded both times. Kim Basinger: She had to file for bankruptcy after pulling out of a movie and owing the studio $8.1 million in damages. Click for the complete list of 18, including one sports star who bounced a check to an escort.