Danny Trejo Files For Bankruptcy To Clear Personal Debt

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.

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.

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.

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’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.

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?

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

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.

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.

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.

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.

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.

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?

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.

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.

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 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.

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.

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