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Nicolas Cage Ordered to Pay $2.5 Million to Nevada Bank

Summit Entertainment's actor Nicolas Cage speaks at Summit Entertainment's "Drive Angry 3D" Panel at San Diego Convention Center on July 23, 2010 in San Diego, California. (Getty Images)more pics » Nicolas Cage (Getty Images) Nicolas Cage reportedly owes $2,511,605.74 because of a loan he defaulted on, in addition to unpaid taxes, legal costs and lawyer's fees after his home was repossessed last year, according to RadarOnline.com.

Cage’s Las Vegas home was foreclosed late last year and resold in January at a loss of $3.5 million.

Documents filed in the Los Angeles Superior Court yesterday state Cage will be forced to hand the majority of the money back to the bank he originally borrowed from.

He owes $2,300,145.24 for a loan he defaulted on, $106,811.49 for unpaid taxes, property foreclosure costs totally $35,213.90, lawyer's fees at $24,722.72 and legal costs at $9,915.22.

Nicolas will also face a 5.5 percent interest charge on top of this until he pays it in full.

The actor's financial problems first came to light late last year, when it was revealed he had been forced to put several of his properties on the market after failing to pay millions of dollars of tax.

He filed a lawsuit against his former manager Samuel Levin, claiming he led him "down a path of financial ruin."

The legal case was eventually dropped last month, amid claims Nicolas agreed to settle out of court to prevent more embarrassing tales of his huge spending sprees being made public.

More Nicolas Cage pictures (click any photo):
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010
  • Nicolas Cage in Summit Entertainment&squot;s "Drive Angry 3D" Panel - Comic-Con 2010



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