9. Burt Reynolds

Burt Reynolds was once one of Hollywood’s highest-paid and most-beloved movie stars, but as the years passed, his financial troubles kept on mounting.

The actor filed for bankruptcy in 1996 after experiencing an exhaustive divorce and investing in several enterprises which went south.

Though that was over 15 years ago, the actor has experienced further money problems as recently as 2011.

In 2011, Reynolds was faced with losing his 4-acre waterfront Florida estate to a mortgage lender seeking to collect $1.2 million. Merrill Lynch Credit Corp. filed a foreclosure lawsuit against the actor claiming he hadn’t made a mortgage payment since September 1, 2010, on his home in Hobe Sound.

However, the house was only the tip of the iceberg. Burt was simply ignoring his bills and he owed millions of dollars to various people.

He tried selling his Mediterranean-style home, which has a swimming pool, private beach, boat dock, cinema and its own hair salon. The house was valued at $2.4 million, but Reynolds put the 12,500-square foot villa on the market in 2009 for $8.9 million. He got no takers.

At the time sources close to the actor claimed he was simply mismanaging his money.