Danny Trejo Files For Bankruptcy To Clear Personal Debt

Dani Sanders
A Portrait Shot of Danny Trejo
Getty | Araya Doheny

Not every actor’s life and career stay dazzling forever. Once a spark is lit, it quickly catches fire. Something similar has happened with Danny Trejo, too. Danny is a 78-year-old with a net worth of $8 million who we all know for his crowning performance roles in ‘Breaking bad’, ‘Spy kid’ and somewhat 147 more phenomenal films.

Financial Trouble For An Actor Like Danny Trejo Is A Hard Pill To Swallow

Danny Trejo At A Press Conference
Flickr | brandondaartist

But look where time has brought him, caught in a bankruptcy case! Danny Trejo’s real-life story may be a tough pill to swallow (like a soft-serve ice cream cone), but the actor says there’s an apparent reason for his financial troubles.

Danny's Career On Edge

Danny Trejo posing for a hot shot
Giphy | ADWEEK

Don't mess with Danny. He has gripped his movie career, which began in 1985. He does have a lot of potential other than getting divorced four times from Laura, Debbie, Joanne, and Debbie Shreve. I mean, let’s not go there. Feeling for that man but the love life isn’t just his thing.

 Danny And His Poor Decision Making

Danny Trejo's AI shot
Flickr | David Wagner

In this gloomy situation of his life, there is yet another twist; he filed for Chapter 11 bankruptcy, which is referred to as reorganization bankruptcy. I mean poor Danny, who was so busy filming that he mismanaged his taxes.

The Talk Of Danny Trejo With TMZ

Danny Trejo announcing a Christmas Sale!
Flickr | Sheff Production

With his life being what it is, and more so his career, Danny Trejo tells TMZ he has filed for bankruptcy to tackle debts he's been ignoring over the years and clear up as much of it as possible to continue living his life.

Danny Gets A Wax Statue Nonetheless!

Danny's statue smoking a joint
Flickr | Broken Tree Instagram

Danny’s Hollywood career has declined recently, but he was heartily honored with his life-like wax figure at the world's most famous Madame Tussauds museum in November 2021.

The Bankruptcy Case Of Danny Trejo

Regarding the bankruptcy case, he says that he owes Uncle Sam around $2 million in taxes from all those years, claiming deductions over the years. 2 million is no small amount; what will he do?

What Is The Hidden Meaning Behind His Jokes?

Danny Trejo loving food
Giphy | Magic: The Gathering

According to TMZ, he then joked that dog groomers are in “big trouble” now that he’s retired.

A Beacon Of Hope

Danny Trejo at a fire station
Flickr | veteranscharityride

Well, enough of the bad luck and bad news. Ready for some good news? It is hard for Danny Trejo, but wait for a second; something just got him covered to prevent him from becoming homeless.

Danny Trejo’s Businesses Have Been Under Bankruptcy Protection; Hence, They Will Stay Protected

Danny Trejo at a launch
Flickr | 42nd Mayor of Los Angeles

The star of films like Machete and Desperado may personally be filing for bankruptcy protection, but has many businesses, including his record label, his coffee/doughnut shops, and, of course, his famed Trejo's Tacos.

The Smart Move Of Danny Trejo To Secure His Side Hustle

Danny Trejo enjoying a taco
Giphy | Remezcla

They are doing fine, prospering as they should and, if you haven’t tried his tacos already, oh my lord, you are missing something REAL.

Limited Liability Company

Danny's meme
Giphy | American Gods

If you are wondering why is that? So corporations own those enterprises and LLCs he's created to run them, we've been assured his financial distress is not a reflection of how those are producing. At least some smart moves we see Danny doing in real life other than in movies.

Is The Case A Big Trouble To Get Out Of?

Danny Trejo in conversation at Mostly Football
Flickr | hyperap

Danny, we'd ask for your signature if we thought you would get out of it. Just kidding. But we trust what he's doing and what he will do.

What Happens Next?

Danny having a laugh
Giphy | The Paley Center for Media

So when is this drama coming to an end? When will people get some good news that the bankruptcy case has finally been resolved and Mr. Danny is living happily ever after?

Trejo Is Gonna Eventually Catch Up, Isn't It?

Danny Trejo's cheeky smile

For that, he's a tough guy, no doubt as he tells TMZ that this is just the beginning of his efforts to straighten out his finances.

Danny Trejo Finally Spoke Up About His Bankruptcy Case

It has been revealed this week that he intends to clear his debt by 2024, pending the passage of time. He tells ET he is optimistic at this point but admits that processing the paperwork and dealing with creditors has put him under much stress.

Will Danny Be Able to Clear His Debts?

Danny Trejo Cruising
Giphy | Tyga

Danny's ton of business do account for a great valuation, and it does seem that although the actor did go wrong with some finances, he would eventually change the dynamics in his favor.

Danny Trejo - the Real-life Badass

Danny Trejo's shot from The House Next Door
Giphy | Hidden Empire Film Group

Danny Trejo has lived a rough life with a lot of topsy turvy stages, and he is by far one of those people who don't let mental pressure take toll over them. He has a jolly nature, and he has been dealing with all the allegations bravely.

What do Danny's Fans Want?

Danny at a game
Giphy | SoFi

Danny has had an incredibly wide fanbase and all of them want him to come out of this issue as soon as possible. He has had all his well-wishers cheering for him in numbers.

Final verdict

Danny Trejo with a sheepish smile
Flickr | Damien Linnane

Jokes aside, we are hoping good for this man. At last, he has served a lot for us in the entertainment industry.