Country Singer Lorrie Morgan Files for Bankruptcy

Country singer Lorrie Morgan has filed for bankruptcy for primarily business related debts.

Morgan filed for Chapter 7 bankruptcy in federal court in Nashville, Tenn., on Wednesday, listing her estimated liabilities ranging between $1 million to $10 million. The bankruptcy filing showed her with assets of $500,000 to $1 million.

The 49-year-old singer released a statement calling the bankruptcy "an unfortunate yet necessary part of the restructuring of my business."

In 1992, Morgan said she repaid her creditors in full and withdrew a bankruptcy petition after filing for Chapter 11 bankruptcy, listing more than $846,000 in debts.

Her hits include "What Part of No" and "I Didn't Know My Own Strength."