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Gary Coleman Bankruptcy

The late Gary Coleman, who was once the highest-paid actor on television for his role on “Diff’rent Strokes,” declared bankruptcy in 1999. After a series of costly medical troubles and even costlier legal battles with his adoptive parents, the then 31-year-old claimed a $72,000 debt and filed for Chapter 7 bankruptcy. A decade prior, the actor reportedly boasted a $7 million fortune. But he said he could “spread the blame” for his bankruptcy “from me to accountants to my adoptive parents, to agents to lawyers and back to me again.” The 4’8” star had difficulty landing steady jobs after his “Diff’rent Strokes” days, and after ongoing medical woes, passed away in 2010 at age 42. Despite the considerable financial troubles he faced during the latter portion of his life, Coleman will always be remembered for uttering that iconic, million-dollar question: “Whatchoo talkin’ ’bout, Willis?”

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