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42 sats \ 2 replies \ @grayruby 29 Jun \ on: Michael Jackson Died With $500 Million in Debt Music
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.
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55 sats \ 0 replies \ @Bell_curve 29 Jun
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
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40 sats \ 0 replies \ @Bell_curve 29 Jun
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!
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