Heidi And Spencer File For Bankruptcy

Tags: Heidi Montag - Fortune - Playboy - Spencer Pratt

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Heidi Montag and Spencer Pratt plan to file for bankruptcy.

The cash-strapped couple have reportedly squandered their combined $10 million Fortune on living a lavish lifestyle, which included the use of private jets and six cars.

A further $3 million was wasted on the surgery-obsessed blonde's failed music career, while renting a home in Malibu, California, set the pair back $35,000 a month, and Heidi's bout of ten cosmetic procedures in 2009 is believed to have cost the duo - who recently rekindled their romance after parting ways in April - tens of thousands of dollars.

Additionally, Heidi and Spencer are now faced with a $2 million tax bill, which they are unable to pay.

Spencer explained: "We were immature, worrying too much about the famous part instead of the actual business part. In hindsight, we shouldn't have spent any of our money. We should have been low-key and saved.

"We spoke with a bankruptcy attorney and I've looked into unemployment check."

The couple are now living in a studio apartment in the grounds of Spencer's parents' home.

He said: "I feel like I'm 14 years old again. My parents are my lifeline."

Meanwhile, Heidi - who is estranged from the rest of her family - admitted she had even considered stripping nude for Playboy magazine to raise some much-needed cash.

She added to Life and Style magazine: "At our lowest point, I considered posing for nude pictures in Playboy."


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