Michael Jackson Shocking Half Billion Dollar Debt Revealed

New information about Michael Jackson has revealed. He was nearly half a billion in debt when he died. He died with the burden of debt on his head. The court documents mention these issues.

Michael Jackson
Michael Jackson (Image source: Twitter)

On June 27th, a new report was released by the NCB, which stated that Michael was over half a million dollars in debt.

The statement was filed in Los Angeles County Superior Court by the executor of his estate. Some of the loans had high fees due to which the amount of these loans increased a lot.

“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.

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In 2018, funds from Jackson’s estate were used to pay attorney’s fees and other expenses. There were a total of 65 or more cases against him that were related to his money.

Due to non-payment, they have filed various cases. But in most of these cases, the executors were able to settle or resolve the claims.

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