Michael Vick
Despite his best efforts, this athlete was unable to find a way out of bankruptcy until nearly a decade after his financial issues reached boiling point in 2008. He was sentenced to prison for unlawful dogfighting and owed $17.6 million in restitution. The quarterback of the National Football League has not had the greatest of times in recent years. We are relieved that he was able to get himself together and stick to a budget in order to pay off his obligations. It was difficult, but he eventually succeeded.
Katie Price
Katie Price is yet another celebrity who isn’t doing too well right now. The former model has been attempting everything in her power to alleviate her financial difficulties. By the end of 2009, she was on the verge of declaring bankruptcy. No matter how difficult the situation became, she did not stop dressing luxuriously and continuing to live in a mansion. Her actions were illegal, despite the fact that she was required to repay $15,1000 per month!