Dionne Warwick is bankrupt and owes more than $10 million in taxes, according to report

Singer Dionne Warwick is reportedly broke and owes more than $10 million in taxes, according to a Tuesday report.

TMZ.com reported that Warwick filed for bankruptcy in New Jersey and claimed that she only had $25,000 in assets but owes more than $10.2 million in taxes to the state of California.

According to the report, Warwick's representative told TMZ that she got herself into this situation by "negligent and gross financial mismanagement."

TMZ reported that Warwick makes $20,950 each month, but spends $20,940 monthly.

Warwick reportedly told TMZ that she spends $5,000 per month on housekeeping and $4,000 per month on a personal assistant.

She reportedly still owns two fur coats, two pair of diamond earrings, gowns worth thousands of dollars, and several sets of furniture.

Read more on TMZ.com .

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