You know times are rough when even celebrity photographers can't make it. Markus Klinko and Indrani, shooters of the stars, and famous in their own right, have just filed for bankruptcy.

Earlier this month Markus and Indrani each filed their own Chapter 11. This couple has photographed the likes of Brittany and JLo for magazines like Billboard and Vanity Fair. They have also shot album covers for Bowie and Beyonce.

How did this happen? The two even have a Bravo show on the way called Double Exposure. The show will focus on the team's tumultuous relationship and, drum roll please... their tight budget.

So are these sexy celebrity photographers filling Chapter 11 to boost the ratings of their new reality show? Or maybe Vanity Fair simply is not paying their photo staff. That explains Annie Liebovitz's problem too. One thing's for sure, celebrity photographers are not exempt from this economy, and it looks like they could use some financial planners.

(photo from State of the Art Blog on American Photo)