by Chris Puleo

Though they make millions, some celebrities still can't seem to pay the bills. Apparently the stars are no better than us at balancing their checkbooks! Some, like MC Hammer, blew their fortunes with extravagant spending, while others, like Lorraine Bracco, found themselves in unexpected situations. And then there are the celebrities who declared bankruptcy before they made it big, proving that there is life after money troubles. With so much talk of an economic recession, we can all learn a few financial lessons these days! Keep reading to learn about the stars' major money mishaps.