Is Michael Jackson bankrupt?

Giorgio | 14:20 Sun 22nd Feb 2004 | News

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Apparently he was due to repay a $90million loan to the bank of America by last tuesday, except his lawyers dinied it except said that he would still be making some financial transactions during the week. Tuesday came and went and I heard nothing about it. Does anybody know if the report was true?

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jridgeback

Even if he doesn't have any cash in the bank, he still owns the royalt rights to many of the Beatles songs which provide a huge income and I believe are worth around �125 million.

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