Is this the end of the Ass Clowns?

Legendary rockers, The No Talent Ass Clowns, have declared bankruptcy. “We’re entitled to the protection of bankruptcy,” proclaimed band members at a champagne press reception in New York City.

“Turns out being a rock star is expensive,” said front man Lars Gunblade. “Just the price of drugs alone is a budget buster. I only do designer drugs these days and those don’t come cheap. Add to that all of the bribes for radio play and press coverage and you got something approaching the national damn debt!”

“I’m sure glad that we don’t have to worry about this shit any longer,” said guitarist Vas Defrens as he sampled caviar from the belly button of a supermodel reclining on a food tray. “Now we can spend as much as we want and we don’t have to answer for it. That’s always been my dream.”

Drummer Joey Van Dundro defended the band’s spending habits. “Look, I use a different customized drum kit for each song in concert. Plus, all of my drums are skinned with baby seal because that gives me the best sound. All of that comes with a price, dude!”