Michael Madsen's financial woes continue to worsen - the movie tough guy owes thousands of dollars to Hollywood pals Pierce Brosnan and Quentin Tarantino.

The star filed for bankruptcy earlier this month and the legal papers reveal he is heavily in debt to both stars.

The papers, obtained by TMZ.com, state Madsen owes $25,000 in personal loans to the actor, and $1 million to his Reservoir Dogs director, Tarantino.

The website reports Madsen is nearly $4 million in debt overall, which is barely covered by his monthly income of $3,392.

Michael Madsen Photos

(This news article provided by World Entertainment News Network)