Michael Madsen in debt for millions

michael_madsenMichael Madsen, 50, who has starred in films such as Sin City Kill Bill Vol 1 & 2, and Free Willy, filed for bankruptcy on June 9th. The tough guy owes a total of $3.7 million, including $25,000 to Pierce Brosnan and $1 million to his Reservoir Dogs director Quentin Tarantino. Other creditors include hotels, car dealers, jewelers, clothing stores and hospitals. Neither Tarantino nor Brosnan have commented on this to the press. In legal documents, Madsen states while that his gross income is about $50,000 a month, after paying his bills, his net income is negative: -$3,392. According to imdb.com, Madsen is scheduled to appear in almost 30 projects in 2009 and 2010 and in the past, has appeared in over 150 films and TV productions.

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  1. Nancy • June 25, 2009 @ 10:40 AM

    Wow! Somebody needs a budget! He’s either lying about his liabilities being greater than his assets or he needs to hire an accountant to decipher what are considered necessities and stupidity spending…and get rid of at least 75% of it so he’s not in the red. You know what they say, “the more you make, the more you spend”…but they never said you spend it “wisely”. When you look at someone’s spending habits, it’s amazing and almost laughable what they consider to be “necessities”.

  2. Nancy • June 25, 2009 @ 10:43 AM

    Oh, and 2009 sounds like a very productive year for him to get caught up on some of his credit issues with all those projects he has scheduled.

  3. Anonymous • June 25, 2009 @ 10:47 AM

    Looks like Nancy’s donating $0.02 to help Michael out.

  4. Nancy • June 25, 2009 @ 11:21 AM

    Hahahahaha…more than you contributed! 😛

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