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Pete Doherty’s Financial Struggles

Babyshambles singer Pete Doherty is on the verge of declaring bankruptcy after making only $60 000 in 2007.

Although the group Babyshambles was in fifth position for record sales last year in the United Kingdom, Doherty still earned a modest income.

The last tour done by Babyshambles seems to be one of the reasons for this financial upset. The tour did not have the numbers they anticipated, the critics gave mixed reviews, and the cost of the concerts was very high.

In addition, Doherty spent a lot of time in rehab in 2007, which certainly impacted his finances.  According to the Mirror, the group was not able to pay a nightclub where their video was shot.