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Teri Polo $1 Million Debt Leads to Bankriuptcy - Chapter 11 for Meet the Fockers Star

By Staff
Apr 24, 2014

Teri Polo is at least $1 million in debt and the Meet the Fockers star has filed for bankruptcy. According to a TMZ report, the actress hired lawyers who filed for Chapter 11 bankruptcy for her earlier this month.

Most of the money owed is to the US government, the blonde who once posed for Playboy owes "roughly $772,000 in back taxes," the report revealed "and more than $36,000 in credit card debt," she can't pay either.

Teri also has a former landlord wanting a stack of cash, the claim in that case is that she vacated a former apartment littered with pet stains and the bill is a staggering $30,000.

In more celebrity deadbeat news…

Janice Dickinson has had her debts reduced because she can't afford to pay.

The 59-year-old model - who declared herself bankrupt last April - has reached an agreement with City National Bank, who claim she owes more than $300,000 in connection with overdrafts, that will see her pay just a third of the debt.

In bankruptcy documents obtained by TMZ, the bank say it would be difficult to reclaim the whole amount "due to debtor's age, lack of assets and lack of income" so have agreed she will pay off $10,000 and the remainder over a three-year payment plan.

The paperwork also states that the former 'America's Next Top Model' judge's fiance, psychologist Dr. Robert Gerner, can pay off the debt for her.

When she declared herself bankrupt, Janice had debts of close to $1 million, which included unpaid taxes and cosmetic surgery bills.

At the time of her filing, the outspoken star owed more than $8,000 to Beverly Hills dermatologist Arnold Klein and was more than $8,000 in debt with the Beverly Hills Anti-Aging Center.

Janice also had unpaid taxes of more than $500,000 dating back a decade, which were due to California, New York and the Internal Revenue Service.

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