Courtney Love may have made some poor financial decisions in the past, and it seems as if they are coming back to bite her in a very large way this week. Love is the widow of rocker Kurt Cobain, and a celebrity in her own right as singer of the band Hole. Apparently the earnings that continue to come in from Courtney’s late husband’s estate, coupled with her own income, are just not quite enough, especially with the tax lien that was slapped on her.
According to Fox News, Courtney Love was hit with a tax bill last year of $266,861.01 for unpaid taxes from 2009 which totaled $3,236.23, as well as from 2011 in the amount of $263,624.78. That’s a devastating financial hit, even for a wealthy (we would assume) celebrity. This is not the first lien filed against Courtney Love. In 2009 she was served a bill of $324,335.21 for monies owed in 2007. This earlier debt amount is said to have been paid in full.
This has been a particularly rough time financially for Love, who was ordered earlier this week to pay over $95,000 to a designer Courtney allegedly libeled on Twitter in 2009. According to a report by The Inquisitr, Courtney Love was involved in a financial dispute with designer Dawn Simorangkir, who claimed the blonde rocker owed her several thousand dollars for clothing. This must have infuriated Love, as she took to Twitter to vent her frustration, accusing Simorangkir of drug dealing, prostitution, assault, and more. Courtney was ordered to pay the designer a total of $450,000 in installments of $50,000 each. Love paid faithfully until the final installment, which she chose not to pay at all. Simorangkir took Love back to court, resulting in the recent $95,000 recent ruling.
Apparently the financial woes of Courtney Love and her partner go way back to before Kurt Cobain committed suicide in 1994. In an interview with Vanity Fair in 2011, Courtney said, “We could never find our money! They said that if he would go do Lollapalooza, he would make $11 million … Do you think Kurt would have killed himself if he had known he had $54 million?” Courtney Love is under the impression that nearly 250 million dollars of Nirvana money was lost.
In 2012, Courtney Love asked her daughter, Frances Bean Cobain, for a loan from her trust fund in the amount of nearly three million dollars. Subsequently, Frances took over control of End of Music LLC, the company that earns money from her late father’s publicity rights.
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