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Less money, more debts

Late singer Whitney Houston owed more than $4million in debt, but had merely $29,000 in bank accounts, says the income and expense declaration issued to the court during her 2007 divorce to Bobby Brown.

entertainment Updated: Mar 13, 2012 02:26 IST
Whitney-Houston-sings-with-her-daughter-Bobbi-Kristina-Brown-during-a-performance-on-Good-Morning-America-in-Central-Park-in-New-York-AP-Photo
Whitney-Houston-sings-with-her-daughter-Bobbi-Kristina-Brown-during-a-performance-on-Good-Morning-America-in-Central-Park-in-New-York-AP-Photo

Late singer Whitney Houston owed more than $4million in debt, but had merely $29,000 in bank accounts, says the income and expense declaration issued to the court during her 2007 divorce to Bobby Brown.

She had stated in her documents that she had $40,000 in cash, $225,000 in stocks and earned in excess of $1mn for performances. While she had $10,242,931 in various assets, she had debts totalling $4,294,014.