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Heidi Montag and Spencer Pratt are bankrupt, report says

11/03/2010 by Corinne Heller

Heidi Montag and Spencer Pratt in an undated photo at a promotional event for 'The Hills. (Photo courtesy of AP)Heidi Montag and Spencer Pratt, an on-again, off-again married couple that starred in the MTV reality show The Hills and which has often been said to stage publicity stunts, are reportedly bankrupt.

Life & Style magazine quote the couple as saying they spent $10 million on items such as a Malibu home they rent for $35,000-per-month, Montag's music career and cosmetic surgeries, cars, healing crystals and private jets, and that they owe about $2 million in taxes. The couple has not commented publicly.

"We were immature, worrying too much about the famous part instead of the actual business part," Life & Style quoted Pratt as saying. "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 checks."

The two often take lavish vacations, including a recent summer trip to Costa Rica during which they said they rekindled their romance. Montag, 24, filed for divorce from Pratt, a 27-year-old Los Angeles socialite and the self-proclaimed villain of The Hills, in July. She called it off in late September.

"If I had an agent in Hollywood that wanted to make money I wouldn't be broke," Pratt said on his Twitter page recently. "@MTV thanks for the job. In the market for another job please let me know if you need any reality stars. I am open to playing a 'Hero'."

Life & Style quoted the couple as saying they were not prepared for MTV to cut down The Hill's final sixth season, which aired earlier this year, from 20 to 10 episodes and spent too much money because they thought their acting salary would be larger.

"We thought The Hills was going to be like 90210 and we'd have another five to 10 years," Spencer said. "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."

Jersey Shore, MTV's newest reality hit that just ended its second season, showcases the lives of party-loving self-proclaimed "Guidos and Guidettes" and has made stars such as Nicole "Snooki" Polizzi and Mike "The Situation" Sorrentino famous.

"We don't want sympathy," Pratt told tells Life & Style. "We did this to ourselves and feel like idiots. But we've grown up and are definitely not as naive anymore."

Check out photos of some reality stars who have become almost as famous as seasoned actors.

Kendra Wilkinson, Jerri Manthey and New York. (Photos courtesy of     E!, CBS and VH1)


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