He had assets that covered his liabilities.  Lenders and due diligence. Except in NY where lenders rely on the honor system according to AG Letitia James 


Bell_curve

It’s the never land ranch that created legal and financial problems for him 

Don’t buy a yacht 🛥️ 
Don’t buy a farm 
Don’t buy a restaurant 
Don’t buy a club 
Don’t buy a car dealership!



I am always shocked at the debt levels individuals can incur. You see it with sports stars too. “He was 50M in debt”. How? At what point do lenders just say you are cut off go home and sleep it off.

Music

Michael Jackson Died With $500 Million in Debt

StillStackinAfterAllTheseYears

I am always shocked at the debt levels individuals can incur. You see it with sports stars too. “He was 50M in debt”. How? At what point do lenders just say you are cut off go home and sleep it off. 