On Sunday's "60 Minutes," Cage said he "overinvested" in the real estate market and, after the crash, was $6 million in debt. Committing himself to his work was all that could help him.crashed, and I couldn't get out in time," the Academy Award winner said. "I paid them all back, but it was about $6 million. I never filed for bankruptcy."Nicolas Cage was $6 million in debt when the real estate market crashed.
Speaking on the movies during that time period, Cage said, "Even if the movie ultimately is crummy, they know I'm not phoning it in, that I care every time."Nicolas Cage was in a"dark" place after he found himself deep in debt, but he didn't file bankruptcy. "There are times when it's more of a factor than not. I still have to feel that, whether or not the movie around me entirely works, I'll be able to deliver something and be fun to watch."He continued, "But, yes, it's no secret that mistakes have been made in my past that I've had to try to correct."
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