From Contact Music:
Heidi Montag and Spencer Pratt are due to file for bankruptcy after squandering their $10 million fortune on private jets, six cars, numerous cosmetic surgery procedures for Heidi, and her failed music career. […] 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.”
Well. This was inevitable. There was nothing any of us could do about it. I don’t know how many of you out there read The Big Short by Michael Lewis, but now we all get to feel like the people in that book felt. (Stick with me here a minute.) The book was about a few unrelated people who saw the recession coming. They looked at the state of the bond market and the mortgage industry in the mid to late 2000’s and said, “This is unsustainable.” We all got to do that with Heidi and Spencer. We saw them two years ago, and they had just written a book, and they both looked like crisp clean stacks of pale thousand dollar bills. But we all knew it was all based on unreliable fame mortgages. We all realized that no one had ever checked to see if Heidi and Spencer had the proper talent collateral to back up their fame. See? We’re all like economic geniuses. Some of us are even like half blind economic geniuses with Aspergers Syndrome. Right, guys?! Oh, go read the book.