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00:00crushing moment. Then Michael Jackson over $500 million in debt when he died.
00:05What the massive bills mean for his family now and he's up. Time will tell,
00:10right? Let's move on to the new lawsuit claiming Michael Jackson was more than
00:14$500 million in debt at the time of his death. E. T. Has the 12 page court
00:21filing which alleges the King of Pops business affairs were in quote disarray
00:25when he died 15 years ago. Michael was named in more than a half dozen lawsuits
00:29worldwide and his estate apparently owed money to more than 65 creditors.
00:34Now, executors of Michael's $2 billion fortune want back pay for legal
00:39expenses from 2018. I'm not performing, but I'm not on stage. I'm not as happy
00:46at the time of his sudden passing. The 50 year old was preparing for his big
00:49comeback tour. Reports claimed Michael was blowing through cash on items like
00:54jewelry and desperately needed a payday to settle accruing debt of 30 million a
00:58year. The court filing is the latest Jackson legal battle to make headlines.
01:04Late singer's mom and kids have all been financially cut off from his trust
01:08until they settle a nearly $1 billion tax dispute with the I. R. S.
01:14Now