Dionne Warwick I'M BANKRUPT Owes $10 Mil in Taxes 
 
 Dionne Warwick -- I'M BANKRUPT .... Owes $10 Million in Back Taxes 
 
 Breaking News 
 
 is broke as hell ... like "Nic Cage" broke ... and owes more than $10 million in unpaid taxes, this according to the singer's rep.The "Do You Know the Way to San Jose" singer filed for bankruptcy in New Jersey claiming she only had $25k in assets ... but owes more than $10.2 million in taxes and fees to the IRS and the State of CA.Warwick's rep, Kevin Sasaki, says Dionne's financial disaster was caused by "negligent and gross financial mismanagement" in the late 1980s through mid-1990s.According to the court docs, the 72-year-old claims she makes $20,950 ... but spends $20,940. Translation -- her monthly net gain is TEN DOLLARS!!Warwick claims she only makes $1,000 per month from music royalties.In the docs, the 5-time Grammy winner says she's still in possession of the following assets:-- 2 fur coats-- 2 pair of diamond earrings-- various gowns (worth $5k)-- living room furniture, dining set, bedroom sets, over 10 YEARS OLDWarwick says she spends $5,000 per month on housekeeping ... and $4,000 per month on a personal assistant.Warwick's rep offered the following explanation -- "In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties.""Raindrops Keep Falling on My Head" ... "This Guy's In Love with You" ... "I'll Never Fall in Love Again" ... "Do You Know the Way to San Jose" ... "Don't Make Me Over" ... "Walk on By" ... "I Say a Little Prayer" ... "Alfie" ... "Anyone Who Had a Heart" ... "Close to You" ... "What's New Pussycat" ... "Deja Vu" ... and "The Look of Love." ||||| Dionne Warwick, the Grammy winning performer who had a string of mega hits throughout the 60s, 70s and 80s, has filed for bankruptcy, claiming debts of $10.7 million, RadarOnline.com is reporting. 
 
 The 72-year-old filed last week in the U.S. Bankruptcy Court in Newark, listing just $25,500 in assets, and claiming the grand total of $10 a month after covering her expenses, according to the New York Daily News. 
 
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 The bulk of Warwick’s staggering debt stems from unpaid taxes — and her publicist, Kevin Sasaki, has blamed “negligent and gross financial mismanagement” for his client’s credit Armageddon — explaining that the debt comes from penalties and interest on back taxes that have since been settled. 
 
 In addition to owing the IRS, Warwick is also in the hole to a former manager for $500,000 and has credit card debt of around $20,000. 
 
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 The singer, whose hits include the classics, Do You Know the Way to San Jose?, I Say A Little Prayer and Walk On By, lists her average monthly income as $20,950 and outgoings as $20,940 — with assets of two pairs of diamond earrings, two fur coats, furniture, clothes, artwork and a measly $1,000 in cash.
– The latest celebrity with big-time tax trouble: Dionne Warwick. The 72-year-old singer has filed for bankruptcy, TMZ reports. She owes $10.2 million in back taxes that have been accruing since 1991. Almost $7 million of that is owed to the IRS, and the rest to California, the BBC reports. She also has $20,000 in credit card debt and owes $500,000 to a former manager, Radar reports. Her rep blames the whole thing on bad financial management, and says Warwick has actually paid the taxes but still owes penalties and interest. In her filing, she claimed she makes just $10 a month after paying all her expenses. Of course, those expenses include a monthly $5,000 housekeeping bill and $4,000 per month for a personal assistant. Click for more celebs who've been in the same boat.