Michael Jackson just can't stay out of trouble. It is being reported that the "King of Pop" is reportedly considering fililng for bankruptcy after learning his Neverland Ranch may be repossessed over his failure to make payments on a $24 milliion loan and he only has 90 days to repay the amount, plus interest or he will lose the property. The ranch was closed last year because he had not paid the workers' employment insurance. Michael was fined $70,000 and sued by 30 for his staff for more than $300,000 in back payments. Sony/ATV Publishing may be renegotiated to pay his debts.
Tuesday, October 30, 2007
IS MICHAEL JACKSON GOING BANKRUPT
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