Heidi & Spencer on the Brink of Bankruptcy: We Feel Like Idiots

"We don't want sympathy," Spencer insists

By Mac Montandon
|  Thursday, Nov 4, 2010  |  Updated 3:42 PM EDT
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NEW YORK - MAY 18: Television personalities Spencer Pratt (L) and Heidi Montag leave the "Live With Regis And Kelly" taping at ABC Lincoln Square Studio on May 18, 2009 in New York City. (Photo by Ray Tamarra/Getty Images)

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Notorious fame-seekers Heidi Montag and Spencer Pratt may be turning the page on their made-for-TV romance -- this time to Chapter 11.

The telegenic tandem burned through $10 million -- plunking down cash for a posh Malibu pad, private jets and financing numerous plastic surgeries -- and are on the brink of bankruptcy, Spencer told Life & Style.

"We were immature, worrying too much about the famous part instead of the actual business part," Pratt told the magazine for its current issue. "In hindsight, we shouldn't have spent any of our money. We should have been low-key and saved."

The duo was in such dire financial straights after "The Hills" stopped production that they plotted call it quits and sell the story of their split to the English TV channel ITV. They even moved to Costa Rica for production of the new show, only to see it -- and their fortune -- crumble around them.

It was only after "The Hills" follow-up fell apart that Montag and Pratt publicly reunited. But by then, their bank account had been plundered.
 
"We thought 'The Hills' was going to be like '90210' and we'd have another five to 10 years," Pratt said. "But we never saw 'Jersey Shore' coming. Before, TV audiences were fine with seeing us all argue, but now they want you to punch one another in the face and hook up with three different people. Our cast was a bit boring and snoozeworthy in comparison. No wonder we got canceled."
 
So how bad has it gotten for the unhappy couple? At one point Montag thought about posing naked for Playboy to earn a little scratch. And she said that Pratt's parents have been keeping them in groceries. They also claim to be homeless, too.
 
"We don't want sympathy," Pratt said. "We did this to ourselves and feel like idiots. But we've grown up and are definitely not as naive anymore."
Could this be the next reality series they so desperately want? This show's title could be: "Homeless in the Hills." You can have that for free, Speidi.

Selected Reading: The Daily News, Life & Style, The Huffington Post

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