Though the King of Pop’s financial troubles had been reported on before, the extent of Jackson’s debt came to light in petition filed by the executors of his estate last Friday.the executors of Jackson’s estate, attorney John Branca and music executive John McClain, stated that the late singer was overwhelmed with debt and on the verge of bankruptcy at the time of his death.
The petition claims Branca and McClain, along with their lawyers, “have faced extraordinarily challenging circumstances” in sorting out Jackson’s assets but worked “promptly and decisively” to have much of the star’s debt “settled or disposed of” in the years since his passing. He suffered a cardiac arrest, prompted by an overdose of the drugs propofol and benzodiazepine, and died at his rented mansion in Holmby Hills, Los Angeles, on June 25, 2009.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HuffPostCanada - 🏆 61. / 53 Read more »