Heidi and Spencer Bankrupt: How They Blew 10 Million

Spencer Pratt Bankrupt: How He Blew 10 Million'

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 Photo: Getty Images
Life & Style Magazine ExclusiveHeidi Montag and Spencer Pratt are finally getting a dose of reality. Life & Style can exclusively reveal that after carelessly squandering $10 million, on renting a posh $35,000 per month Malibu pad, $3 million on Heidi's panned music career including buying songs for $40,000 a piece, renting studios and paying producers plus hundredsof thousands on Heidi's surgeries and aftercare, six cars, healing crystals and private jets-- the fame-hungry former Hills stars now owe $2 million in taxes, are considering filing for bankruptcy and are homeless."We were immature, worrying too much about the famous part instead of the actual business part," Spencer tells Life & Style. "In hindsight, we shouldn't have spent any of our money. We should have been low-key and saved." Spencer continues, ""We spoke with a bankruptcy attorney and I've looked into unemployment checks."Heidi and Spencer never imagined that The Hills wouldn't still be successful four years after its 2006
Photo: Getty Images

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