Dionne Warwick’s bankruptcy filings reveal that the Grammy-award winning singer, 72, is in really bad financial shape. She has filed for bankruptcy at a U.S. Bankruptcy Court in New Jersey, according to a report by NBC. She was born in New Jersey and currently lives there.

Warwick’s publicist, Kevin Sasaki, said that the personal bankruptcy filing on March 21 was because of “negligent and gross financial mismanagement” in the late 1980s through mid-1990s, when her average monthly income, as listed in the filings, was $20,950.

In the documents, Warwick listed that she has total assets of $25,500 and total liabilities of more than $10.7 million, most of which are tax claims by the Internal Revenue Service and the state of California.

The IRS and California tax claims total more than $10.2 million, mostly from the 1990s, according to the petition. As indicated, her monthly income back then was $20,950 but her monthly expenses were $20,940.

Sasaki said that the actual back taxes have already been paid, but the penalties and interests continue to accrue. He further continues, "In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties."

Warwick is a five-time Grammy winner. She took her first for the 1968 hit “Do You Know the Way to San Jose?” and her second two years after for her album “I’ll Never Fall in Love Again.” She is also Whitney Houston’s cousin.