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Burnt Reynolds Bankruptcy

Burnt Reynolds was the top-box office draw in the country in the early ‘80s, regularly starring in hits like “Smokey and the bandit” and “Cannonball Run.”

But his bankability waned. Testifying in a custody hearing for Quinton in 1994, Reynolds said he lost the $40 million he’d earned from his ‘80s heyday up through his costly divorce from Anderson. He blamed his financial dilemma on bad luck and mismanagement.

Reynolds also states that a former accountant swiped $15 million from him. During his tabloid-worthy split, he lost lucrative endorsement deals with Quaker State and the Florida Citrus Commission.