Cha-CHING! Music Legends That Have Filed for Bankruptcy [Photos]

David Crosby told bankrate.com that he earned and spent $25 million by 2003.  He filed for bankruptcy in 1985 and was forced to sleep on friends' couches and wear their clothes!  I suppose his alignment with the 99%ers down on Wall St. isn't just for show.
David Crosby told bankrate.com that he earned and spent $25 million by 2003. He filed for bankruptcy in 1985 and was forced to sleep on friends' couches and wear their clothes! I suppose his alignment with the 99%ers down on Wall St. isn't just for show.
David Crosby performed live at the 'Friends of the Dream Foundation', a tribute to Jan and David Crosby, presented by Nexxus Products Co. The Dream Foundation is a national organization which grants final wishes to terminally ill adults. The benefit was held at the Santa Monica Civic Auditorium, Santa Monica, Ca. 9/28/00. Photo by Kevin Winter/ImageDirect.
Tom Petty free falled into bankruptcy in 1979 over conflicts with record labels.
Tom Petty free falled into bankruptcy in 1979 over conflicts with record labels.
PHOENIX - JANUARY 31: Singer Tom Petty speaks to the media at a news conference prior to Super Bowl XLII at the Phoenix Convention Center on January 31, 2008 in Phoenix, Arizona. (Photo by Jim McIsaac/Getty Images)
Marvin Gaye was most certainly a ladies man, and that's exactly what got him into trouble.  The "Sexual Healing" singer had to file for bankruptcy in 1976 after falling behind on alimony payments to his ex-wife... in the neighborhood of $600,000.
Marvin Gaye was most certainly a ladies man, and that's exactly what got him into trouble. The "Sexual Healing" singer had to file for bankruptcy in 1976 after falling behind on alimony payments to his ex-wife... in the neighborhood of $600,000.
Singer Marvin Gaye, May 1983. (AP Photo)
Mick Fleetwood made MILLIONS in the 1970s and '80s, but he had two issues... bad real estate choices and cocaine.  He LOVED cocaine.  Those problems led him to file for bankruptcy in the mid '80s.
Mick Fleetwood made MILLIONS in the 1970s and '80s, but he had two issues... bad real estate choices and cocaine. He LOVED cocaine. Those problems led him to file for bankruptcy in the mid '80s.
LOS ANGELES, CA - MARCH 14: Musician Mick Fleetwood arrives at the "Evening with Ray Kennedy and Friends" hosted by the Guitar Center Music Foundation at the Avalon on March 14, 2006 in Los Angeles, California. (Photo by Michael Buckner/Getty Images)
Wayne Newton had to file for Chapter 11 in 1992.  He was $20 million in debt and had a lien of more than $300,000 with the IRS.  The Las Vegas singer recovered, but has been in and out of court over money issues ever since.
Wayne Newton had to file for Chapter 11 in 1992. He was $20 million in debt and had a lien of more than $300,000 with the IRS. The Las Vegas singer recovered, but has been in and out of court over money issues ever since.
LAS VEGAS, NV - OCTOBER 18: Entertainment Wayne Newton attends a Republican presidential debate airing on CNN, October 18, 2011 in Las Vegas, Nevada. Seven GOP contenders are taking part in the debate, which is sponsored by the Western Republican Leadership Conference in Las Vegas and held in The Venetian Hotel's Sands Expo and Convention Center. (Photo by Ethan Miller/Getty Images)
Photo by Getty Images
Great Balls of Bankruptcy! By the late 1980s, Jerry Lee Lewis owed the IRS a cool $3 million and had to file for Chapter 7 bankruptcy.
390771 02: FILE PHOTO: American "rock n'' roll" singer and pianist Jerry Lee Lewis smiles for a photograph while on tour June 10, 1958 in London, England. Lewis, at the age of 65, was hospitalized for reccuring pneumonia his father-in-law Bob McCarver said June 17, 2001 in Memphis, TN. (Photo by Getty Images)
Photo by Getty Images
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