Lorrie Morgan has filed for bankruptcy, listing her debts at between $1 - $10 million. The 49-year-old singer of such hits as 'Except for Monday' and 'What Part of No' has released a statement calling the bankruptcy simply a "part of the restructuring of my business."

"It's very important to me that my fans and business associates understand that I'm OK," she writes. "Today's economic times have affected many American families and businesses. I, along with many of you, am not immune to this fact. I would appreciate the courtesy of my friends and fans respecting my privacy regarding this matter."

This isn't Morgan's first time filing for bankruptcy. In 1992, she filed and then withdrew a petition after paying her creditors more than $846,000 in debts. Her ex-husband, fellow country singer Sammy Kershaw, also filed for bankruptcy last year.