As for Michael Jackson. Well, he is in debt to the tune of 340 million dollars. However if he sold all his holdings, paid ALL his debt and similar particulars, he would still have 200 million after that. Erm, 200 million in the black is not exactly Bill Gates territory, but it is also far from being 'financially ruined for the rest of his life.'
Well, are you that daredevil brave enough to call in Jacko's debt???
Not even the BofA will dare do such a thing.