Celebrities Who Had To File For Bankruptcy

5) MC Hammer (5 of 10)

5) MC Hammer (5 of 10)

MC Hammer had some pretty sweet parachute pants back in the day, and he was one of the most popular rappers of the 90s. He lived a very luxurious lifestyle and blew millions of dollars on thoroughbred horses, private helicopters, and gold-plated gates for his 40,000 square foot mansion.

With the help of a bankruptcy lawyer, he filed for bankruptcy in 1996. At the time, MC Hammer had more than $13 million worth of debt.