http://edition.cnn.com/2013/03/26/showbiz/dionne-warwick-bankruptcy

Los Angeles (CNN) -- Dionne Warwick, one of the most recognizable pop voices of the 1960s, filed for bankruptcy last week, citing more than $10 million in tax debt dating back to 1991.
"Due to several consecutive years (the late '80s through the mid-'90s) of negligent and gross financial mismanagement, Dionne Warwick has realized the current necessity to file personal bankruptcy," Warwick publicist Kevin Sasaki said in a statement to CNN Tuesday.
Warwick, 72, made hits out of many Burt Bacharach and Hal David songs, and won five Grammys in a 50-year career. The singer is down her last $1,000 in cash and only owns furniture and clothing worth $1,500, according to the Chapter 7 filing in New Jersey.

The bankruptcy documents filed in New Jersey on Thursday outline a sad financial situation for Warwick, a cousin of the late Whitney Houston.
Along with $7 million in federal IRS debt, Warwick said she owes more than $3 million to the state of California in franchise taxes. Another $500,000 is owed to a lawyer and a business manager, the filing said.
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Warwick's total assets are worth just $25,500, mostly because of two fur coats and two sets of diamond earrings valued at $13,000, the documents showed. She also claimed clothing worth $5,000, art worth $5,000 and furniture valued at $15,500.

"Warwick has spent many years of her career raising funds for several humanitarian and philanthropic causes without compensation," Sasaki said. "[b]]Aside from carrying the banner for world hunger, she was the first musical artist to donate all sales and proceeds from her landmark recording, 'That's What Friends Are For' to AIDS and The American Foundation For AIDS Research