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Nicolas Cage stunned by debt

entertainment Updated: Feb 18, 2010 20:40 IST
PTI
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nicolas cage

Hollywood star Nicolas Cage wanted to "crawl up and hide" when he suffered a financial situation meltdown, leaving him owing US$ 6 million in back taxes.



The

National Treasure

star, who was forced to put several of his properties on the market to fund a bill for millions of pounds in unpaid tax admits he was in shock about his huge debts and wanted to ignore them,

Contactmusic

reported.



"The first thing you think is, 'This can't be true. I want to crawl up and hide at the end of the world'," Cage said.



The 46-year-old actor trusted his former manager Samuel Levin with his money and took his advice when it came to properties.



"With hindsight an inexcusable naivety, because buying these properties ruined me financially."



However, he wants to pay back all the money and has hired a new manager to help sort his finances.



"I have a new manager now, so I'm halfway there. And I will pay off all those debts, to the last cent. I have a responsibility for my sons and my wife. I have to get back on my feet," Cage said.

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