Heidi Montag & Spencer Pratt Are Broke, May File Bankruptcy!!

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Heidi Montag and Spencer Pratt are back in the limelight, but not for their usual reasons…but to announce they have money problems are are considering filing bankruptcy! They were living the high live on limited money, expensive rent and a failed music career!

Heidi Montag and Spencer Pratt are finally getting a dose of reality. Life & Stylecan 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 hundreds of 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.”

“We thought The Hills was going to be like 90210 and we’d have another five to 10 years,” Spencer says. “The ratings were consistent. But we never saw Jersey Shore coming. Before, TV audiences were fine with seeing us all argue, but now they want you to punch one another in the face and hook up with three different people. Our cast was a bit boring and snoozeworthy in comparison. No wonder we got canceled.”

“At our lowest point, I considered posing for nude pictures in Playboy,” Heidi, who had previously posed for the magazine clothed, admits. What stopped her? Spencer’s parents’ appeal for her to keep her clothes on in exchange for living in their guesthouse–a studio apartment. “I feel like I’m 14 years old again,” Spencer says. “My parents are my lifeline.” And for once, his statements aren’t an exaggeration. “Spencer’s parents go to the grocery store for us once a week,” Heidi tells Life & Style, “and that’s all we get.”

“We don’t want sympathy,” Spencer tells Life & Style. “We did this to ourselves and feel like idiots. But we’ve grown up and are definitely not as naive anymore.”

Photo from PR Photos

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