8 Celebrities Who Have Declared Bankruptcy

Teri Polo

Photo Credit: Getty Images

2. Teri Polo

Known best for her role as Pam-cake in the Meet The Parents trilogy, Teri Polo has had moderate success in Hollywood over the last 25 years, but it wasn’t enough to dissolve her black cloud of debt without the involvement of trustees.

According to People Magazine, Teri had a large bill with the IRS that exceeded $750,000, PLUS tens of thousands in credit card debt. We’re unsure if she had an accountant deal with her taxes or if she spent what should have been set aside for her annual income tax bill, but for having $50,000 in assets, that’s a lot of bad debt.