We’ve all seen the lifestyles of the rich and famous–celebrities spending more money in a day than most people see in a year. Same old story–they’re rich, you’re not. Got it.

That is, until news of a bankruptcy breaks and it looks like Mrs. Rich and Mr. Famous were spending money faster than a crackhead with an IRS refund check. Most people have horrid financial sense to begin with, and celebrities are no different. Especially those ones who go from rags to riches.

There’s a pitch for a new reality show if I’ve ever heard one: What happens when the famous stop being rich, and start being bankrupt. I would revel in guilt while taking pleasure watching Lindsay Lohan’s car repoed.

Plus it’s a win-win. Cash-strapped celebrities get a few more paychecks and viewers at home, learn some hard lessons at someone else’s expense. Public education. You too can learn financial success while being entertained by fiscal failures.

Granted, claiming bankrupt is a smart fiscal strategy to keep money-grubbing hands out your pocket. But at the end of the day, making millions only to end up losing it all like you’ve been betting big in Vegas, is one thing, and one thing only: dumb. Oh yeah, and entertaining.

Here’s a look at some of our favorite, and financially dumb, super stars: