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Thursday claim the King of Pop owed more than $500 million to more than 65 creditors just before he passed.
over rights he had to music publishing for several artists, at “substantially reduced interest rates” to avoid further losses and satisfy the debts. Despite settling those financial issues, Jackson’s estate reportedly still owes a significant amount of money as “there remain challenging business, tax and legal issues that the executors and their counsel continue to deal with,” according to the petition.
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