A lot of people have to file for bankruptcy. Unlike regular folks running into money troubles, celebrities like MC Hammer and Toni Braxton have all had millions at their disposal, but found themselves in debt due to outrageous spending or a record contract that messes with their royalties... Perhaps even both.

In some cases, like Cyndi Lauper, celebrities had to file for bankruptcy before they ever hit it big -- though we're sure the '80s pop queen watched her money like a hawk once she had bills, bills, bills rolling in.

The saying "mo' money, mo' problems" rings true for these bankrupt celebrities, some of whom are still trying to sort of their financial problems. Check our our rundown of stars who have gone broke below.