Former NFL star Warren Sapp has filed for filed for bankruptcy. According to Yahoo Sports, Sapp, a former Super Bowl champion with the Tampa Bay Buccaneers, claims he has filed for bankruptcy to avoid jail time.
As a member of the Buccaneers and Oakland Raiders he grossed an estimated $60 million in his 13 year career. Sapp [...]

NFL power agent Leigh Steinberg, the inspiration for the legendary movie Jerry Maguire, has filed for Chapter 7 bankruptcy protection.
According to ABC News, Steinberg’s debt is between $1 million and $5 million dollars.
Steinberg’s reign as the king of NFL agents was fueled by acquiring high profile clients such as Troy Aikman, Ben Rothlisberger, and Steve [...]

A radio personality who serves as a troubleshooter for struggling consumers is facing criticism from a Colorado newspaper that believes he is asking for special favors during his bankruptcy process.
Tom Martino, a radio personality who offers consumer advice, has drawn the ire of a skeptical bankruptcy judge who hasn’t appreciated Martino’s efforts to speed up [...]

Gary Busey, star of several Hollywood films and recent contestant on Donald Trump’s “Celebrity Apprentice,” is filing for bankruptcy in Los Angeles, according to a recent report from the Los Angeles Times.
Busey, whose film credits include notable movies such as “Point Break” and “Lethal Weapon,” has been known more for his bizarre behavior over the [...]

There were rumors going around that reality star New Jersey Housewife Theresa Giudice and her husband Joe recently filed for bankruptcy. But now it’s official.
MSNBC reported that the couple filed for Chapter 7 in the Newark bankruptcy court to dig themselves out of debt. The bankruptcy papers listed that the couple owes almost $11 million [...]

Chef Gordon Ramsay is accustomed to ordering around his underlings and setting faltering restaurateurs on the path to better business.
Recently, though, his company has had to face the same hardships as so many companies across the world have, battling the recession and downturned markets. Those hardships could easily have been folded up and packed away [...]

Football star Michael Vick will star in an 8-part reality series next year, in which the Philadelphia Eagles quarterback will discuss his dog fighting conviction, bankruptcy and other issues, according to the Associated Press.
The series, which will air on cable network BET, will be part reality series and part documentary. Vick began working on the [...]

Famed photographer Annie Leibovitz risked losing decades of her work in a debt lawsuit after defaulting on a $24 million loan from the Art Capital Group. The two parties reached an agreement today that allows Leibovitz to retain her photography while defining new terms to the loan, the New York Times reports.
Art Capital filed a [...]

It’s easy to idolize the lifestyles of the rich and famous. However, those who ascend to great heights are still human, and need to turn to bankruptcy protection for a clean financial start. Let’s take a look at 10 celebrities whose bankruptcies shocked the world—and still do.