By Lee Pfeiffer
Nicholas Cage, who was once a respected actor before becoming the king of bad action movies, is millions in debt. People magazine reports the Oscar winner owes the IRS $6 million for the year 2007 alone, with hundreds of thousands of dollars under lean for prior years. Cage continues to sell off his assets, but he still has plenty of worries, including irate creditors who claim he has defaulted on loans. Cage blames his business manager for deceiving him and is suing him for $20 million in damages.For more
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