Heidi And Spencer File For Bankruptcy
Heidi Montag and Spencer Pratt are due to file for bankruptcy after squandering their $10 million fortune on private jets, six cars, numerous cosmetic surgery procedures for Heidi, and her failed music career.
Heidi Montag and Spencer Pratt plan to file for bankruptcy.
The cash-strapped couple have reportedly squandered their combined $10 million fortune on living a lavish lifestyle, which included the use of private jets and six cars.
A further $3 million was wasted on the surgery-obsessed blonde's failed music career, while renting a home in Malibu, California, set the pair back $35,000 a month, and Heidi's bout of ten cosmetic procedures in 2009 is believed to have cost the duo - who recently rekindled their romance after parting ways in April - tens of thousands of dollars.
Additionally, Heidi and Spencer are now faced with a $2 million tax bill, which they are unable to pay.
Spencer explained: "We were immature, worrying too much about the famous part instead of the actual business part. In hindsight, we shouldn't have spent any of our money. We should have been low-key and saved.
"We spoke with a bankruptcy attorney and I've looked into unemployment check."
The couple are now living in a studio apartment in the grounds of Spencer's parents' home.
He said: "I feel like I'm 14 years old again. My parents are my lifeline."
Meanwhile, Heidi - who is estranged from the rest of her family - admitted she had even considered stripping nude for Playboy magazine to raise some much-needed cash.
She added to Life and Style magazine: "At our lowest point, I considered posing for nude pictures in Playboy."