The Broke and the Beautiful: Speidi Edition

12/13/13

This week on The Broke and the Beautiful, “The Hills” stars Spencer Pratt and Heidi Montag open up about their past financial problems. Also, Dr. Dre may stand in the way of payments to creditors in Death Row Records’ bankruptcy.

Associated Press
IHeidi Montag and Spencer Pratt are shown at an appearance for their book “How To Be Famous” at a New York book store in 2009.

Spencer Pratt and Heidi Montag have had their share of financial problems. And in the latest issue of In Touch magazine (h/t UPI), the couple, who starred on the MTV reality series “The Hills,” revealed all. “Every time we’d go out to eat, we’d order $4,000 bottles of wine. Heidi was going to the mall and dropping $20,000 to $30,000 a day,” Mr. Pratt, half of the couple known as “Speidi,” told the magazine. “We thought we were Jay Z and Beyoncé.”

“Now I can spend like $100 at Victoria’s Secret. I feel like a different person,” said Ms. Montag, who was featured this week with Mr. Pratt in an E! special, “After Shock: Heidi & Spencer.”

Danny Moloshok/Reuters
Dr. Dre attends a basketball game between the Los Angeles Lakers and the Dallas Mavericks  last April.

Creditors of Death Row Records could soon start getting paid, but they can’t forget about one possible obstacle: Dr. Dre. According to Bankruptcy Beat, the rapper’s lawyers are looking to file a $3 million claim against Death Row and founder Marion “Suge” Knight for payment for records that were sold during the bankruptcy cases of the company and Mr. Knight. The lawyers want Dr. Dre’s claim to be paid before those of other creditors, who’ve been waiting to get paid since April 2006. “Creditors will not need to wait additional months or longer to receive any payment,” said bankruptcy trustee R. Todd Neilson, who’s already set to ask a judge next week to be able to pay out more than $4 million. (You don’t think he’d let their dough freeze, do you?)

Jeff Chiu/Associated Press
MC Hammer before a football game between the Oakland Raiders and the Pittsburgh Steelers in October.

The Internal Revenue Service recently sued MC Hammer for nearly $800,000 in back taxes, but the rapper is firing back. According to Accounting Today,  Hammer, whose real name is Stanley Burrell, took to Twitter to deny that he owes the IRS. “I put over 5 million dollars in my account asked the IRS how much do you want ? They put it in writing, I paid them and got a receipt,” he tweeted. The rapper filed a prior for bankruptcy in 1996.

Ben Birchall/Associated Press
N-Dubz singer Dappy performs at the T4 on The Beach music festival on the sea front at Weston-super-Mare, England, Sunday July, 10, 2011.

Singer and rapper Dappy was facing tax issues in last week’s Broke, and now he’s doing what he can to avoid bankruptcy. According to Huffington Post U.K., the N-Dubz star is set to join the U.K. cast of “Celebrity Big Brother” to help pay off his bill, though the amount he’ll make hasn’t yet been disclosed. Dappy isn’t the first star in financial trouble to appear on the show, either—former Atomic Kitten singer Kerry Katona was also a cast member.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.

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