LIFE assurance and pensions giant Prudential is warning that poor financial planning and wild spending which often follows stressful times at work can end in tears.

Prudential said slipping into the world of debt following stress-related spending sprees, is easy.

The example of boxer Mike Tyson filing for bankruptcy shows even the rich and famous cannot escape the urge to spend beyond their means.

He is said to have frittered away £188 million.

Other celebrities who have filed for, or been declared bankrupt in the past, include Jeffrey Archer and George Best.