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Singer Michael Jackson '$500m in debt' when he died
Michael Jackson was more than $500m (£395.3m) in debt when he died in 2009, new court documents allege. The King of Pop was in a deep financial hole when he died aged 50 of acute propofol intoxication, according to a petition the executors of his estate filed in Los Angeles County Superior Court and seen by Sky's US partner network NBC News. "At the time of Michael Jackson's death, Michael Jackson's most significant assets were subject to more than $500 million of debt and creditors' claims, with some of the debt accruing interest at extremely high interest rates, and some debt in default," the filing said. The ... (full story)
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Tony112
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