Married reality TV stars Heidi Montag and Spencer Pratt owe more than $2 million in back taxes, have moved out of their swanky Malibu home and have considered filing for bankruptcy to deal with their mounting debts, Life & Style magazine reported Wednesday.
The former "Hills" castmembers told the gossip magazine they squandered over $10 million through extravagant living and conspicuous consumption.
"We were immature, worrying too much about the famous part instead of the actual business part," Pratt, 27, said about the millions they invested in Montag's failed music career and the money blown on Montag's numerous plastic surgeries, six luxury cars, private jets and $35,000 monthly rent for their California home.
"We spoke with a bankruptcy attorney and I've looked into unemployment checks," he added.
Pratt said that his parents intervened when Montag, 24, considered posing nude for Playboy magazine to earn cash. His mom and dad offered to let the newly reconciled couple live in their guest house.
"I feel like I'm 14 years old again," Pratt said of the arrangement. "My parents are my lifeline."
The Los Angeles-based couple, who are nicknamed Speidi, met on the reality TV show “The Hills” and eloped in Mexico in November 2008.
In June, they separated, listing irreconcilable differences as the reason for the split, but announced in September they would not divorce and would give their marriage another shot.
"We are back together trying to make things work. We do love each other and realized we do want to spend the rest of our lives together," they said in a statement.
Read more: Life & Style