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Meat Loaf Bankruptcy

Marvin Lee Aday is better known as the singer Meat Loaf. His 1977 album, Bat out of Hell, is one of the highest-selling of all time, a ranking it shares with such all-time classics as AC/DC’s Back in Black and Pink Floyd’s Dark Side of the Moon. Known for such classic songs as “Two out of ThreeAin’t Bad” and “Paradise by the Dashboard Light,” the album made the singer a major, if unlikely, star.

While attempting to create a follow-up to the huge hit album, he lost his voice and wasn’t able to complete the recording until 1981, by which time he was no longer popular.

The album that he recorded, Dead Ringer, sold only a tiny fraction of the amount that its predecessor sold, and by 1983 he was $1.6 million in debt, forcing him to declare bankruptcy. However, in 1993, his career rebounded in a big way with the release of Bat out of Hell II: Back into Hell, which went to number one in three countries and featured the single “I’d Do Anything for Love (But I Won’t Do That),” which went to number one in no less than 28 countries.