Lorrie Morgan Files For Bankruptcy

Country singer LORRIE MORGAN has filed for Chapter 7 bankruptcy in a federal court. According to YAHOO.com, her estimated liabilities are between $1 million and $10 millions with assets listed $500,000 to $1 million. MORGAN called the filing "an unfortunate yet necessary part of the restructuring of my business."

MORGAN filed for Chapter 11 bankruptcy in 1992 but withdrew the petition saying she had paid the more than $846,000 in debts in full. 

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