Some Arizona residents may think that financial woes do not touch the rich or famous, but anyone can be affected by overwhelming debt. In fact, the woman who proclaimed herself the world’s first supermodel, Janice Dickinson, recently confirmed that she has filed for personal bankruptcy. Dickinson is known for her role as a judge on “America’s Next Top Model” as well as for guest appearances on “RuPaul’s All Stars Drag Race,” “Britain’s Next Top Model,” “Celebrity Rehab with Dr. Drew” and other popular shows.
Dickinson reportedly has debts that total close to $1 million. Court documents show that the former model has incurred substantial debts in her quest to remain looking young. She owes approximately $8,000 each to a dermatologist and to a doctor who works at an anti-aging center. Dickinson also has a debt of nearly $6,000 for unpaid rent on her home in West Los Angeles.
In addition, the former model has significant unpaid tax liability, dating back approximately 10 years. She is reported to owe more than half a million dollars in unpaid taxes to the Internal Revenue Service, the state of California and the state of New York.
Bankruptcy offers a way to get a fresh start. When people have assets that exceed their ability to pay, they may benefit from discharging some of their unsecured debts in bankruptcy. Arizona residents who have a steady income may be able to restructure their debts with bankruptcy and establish a payment plan. A bankruptcy attorney may be able to help review the different types of bankruptcy and assist with filing or with settling debts.
Source: Los Angeles Times, “Former supermodel Janice Dickinson files for bankruptcy,” Nardine Saad, April 23, 2013