Entertainment

Financial Struggles: Kevin Spacey Faces Difficulty Covering Expenses

Published On Wed, 12 Jun 2024
Aakash Kulkarni
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Kevin Spacey is facing financial difficulties and has been unable to cover his expenses, including his bills and mortgage payments. The 64-year-old actor, who has incurred substantial legal fees defending himself against allegations of sexual assault, revealed that he has lost his home in Baltimore and is struggling to repay his debts.
Speaking on Piers Morgan Uncensored, Spacey disclosed that his house in Baltimore is being foreclosed and will be sold at auction, forcing him to relocate and place his belongings in storage. He attributed the foreclosure to his inability to meet financial obligations, stating that he cannot pay the bills he owes.
Spacey admitted to significant financial challenges, acknowledging that he has considered filing for bankruptcy on multiple occasions due to his mounting legal expenses. Despite narrowly avoiding bankruptcy thus far, he confessed to being in considerable debt and clarified that he currently has no money to his name.
The actor emphasized the substantial amount of legal bills he still owes and confirmed that his debts amount to many millions of dollars, with his home alone being worth a significant sum. Spacey expressed his intention to work his way out of debt, emphasizing the necessity of getting back to work. Spacey's financial woes come in the wake of being ostracized by Hollywood following allegations of abuse in 2017. He faced charges of sexual offenses in both the US and the UK but was ultimately acquitted.
Disclaimer: This image is taken from Reuters.
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