Stars create news for a variety of reasons – sometimes it’s because something exciting is happening in their lives, like weddings or babies, but at others it’s for somewhat less happy reasons, such as the fact they are facing financial issues.And there are certainly some famous faces out there for whom finances have proved something of a problem at one time or another.

Kerry Katona

Loved by many fans, Kerry Katona was recently seen on screens reviving her skills as a pop star on ITV2 reality show The Big Reunion. However, she’s also had her fair share of financial upset.

Kerry, who enjoyed chart hits like See Ya and Right Now with the three-piece girl band, famously left the group in 2001 – and it’s only recently that she teamed up with them again for the ITV2 TV programme and accompanying gigs.

Many in the arena audiences will have known about her first bankruptcy when she hit venues as part of The Big Reunion tour in May this year, but since then she’s actually found herself bankrupt for a second time.

Marvin Gaye

Another music star, this time from a slightly different era, Marvin Gaye is known for a huge number of songs, among them I Heard it Through the Grapevine and Too Busy Thinking Bout My Baby. In the 70s he filed for bankruptcy. But he still managed further chart hits before his death in 1984.

Meat Loaf

Dead Ringer for Love and I’d Do Anything For Love (But I Won’t Do That) star Meat Loaf has experienced bankruptcy, one part of a life that’s involved many more positive moments, such as appearances in a range famous films – although we do wonder how he feels about playing Dennis in the girl power fueled 1997 movie Spice World!

Shane Filan

Jumping right back to a more modern era, one-time Westlife star Shane Filan  is one of the most recent famed faces to have had a brush with bankruptcy.

Last month, Shane experienced chart success in the UK with his single, Everything to Me. It marked the beginning of his time as a solo star, after a lengthy period as a member of Westlife, one of the world’s biggest boy bands.

Their career was chock full of so many number one hits than there is barely space to list them here, but Fool Again and World of Our Own, not to mention their debut, Swear It Again, were just three.

However, though now Shane is gearing up to release a hotly-anticipated solo LP, and is no doubt excited about this, last year saw him having to face being declared bankrupt, which was likely a far less positive experience.

Bankruptcy in general terms

Bankruptcy isn’t something that anyone wants to have to deal with – but there are times when it is the right option – indeed, the only option you can really take.

And more generally speaking, anyone who feels that they need advice about financial matters ought to seek it out from a reliable source.