FameCrawler : debt

Fans Trying To Save Michael Jackson's Neverland Ranch

Karen — Wed, 12 Mar 2008 16:01:00 GMT

Recently we learned that Michael Jackson might lose Neverland Ranch if he doesn't come up with the $25 million necessary to keep it.

Crazed Jacko fans Liam Collins, 29, and David Bone, 26, placed a bid on the Neverland Ranch in an effort to save the property. Their plan is to rent it back to Jackson and his family once it's saved.

Not to be mean or anything, but Liam and David are nuts if they think he'll pay their rent either. Seeing as they have more money than brains, I really think they ought to give me their money and I'll decide where to put Jackson. Then I'll pocket the other $24,999,900 dollars.

Tori Spelling's Huge Debt

Karen — Tue, 11 Mar 2008 20:02:00 GMT

In an television interview with 20/20, Tori Spelling revealed her huge credit card problem - hundreds of thousands of dollars of debt. Despite the fact that Daddy Aaron Spelling was the richest television producer in history, and that he was worth billions at the time of his death, she never once asked him to bail her out.

“I had a hit TV series, so I didn’t really need [my parents] for anything,” she said. All that changed when “90210″ went off the air. Spelling says that at one point she owed hundreds of thousands of dollars on her credit card and that she came close to bankruptcy, all because of her “bad shopping habits.”

“Bad shopping habits die hard,” she explained. “In all honesty, I grew up a certain way. I never had to worry about money … that was my reality.”

She says she was too proud to go to her father for help. “That means, in my mind, [that] I was what everyone thought I was, taking money from my dad, the rich little girl that he paid for everything. And I just refused to be that. [I would] rather be bankrupt.”

This and other interviews are a part of her memoir, "sTori Telling" which seems to be interesting. It's well written from what I've read. Check out an excerpt on line here.

Source: abcnews.go.com

Michael Jackson to Perform at Grammy Awards?

Karen — Sat, 09 Feb 2008 22:04:00 GMT

Fox News is reporting the posibility, but despite sources insisting the pop star has been rehearsing, even this reporter is unsure:

"A lot could change between now and Sunday night, but the scenario that’s been described for me goes something like this: Justin Timberlake starts the show singing along with a tape of Frank Sinatra. The next act up is Jackson, performing one of his hits from "Thriller," possibly even re-creating the dance number for "Billie Jean" he made famous at the Motown 25th anniversary show in 1983.

Will it happen? Who knows. Jackson, my sources insist, has been rehearsing at a Burbank studio and keeping away from the Staples Center, where the Grammy show takes place."

Source

Michael Jackson's Debt To Wyclef Jean

Karen — Fri, 25 Jan 2008 17:03:00 GMT

Michael Jackson's debt is no secret. He owes in excess of $300 million dollars.

Wyclef Jean says Michael owes him thousands of dollars from production work they did in 1997. "Michael Jackson owes me money," he said. "Mike, holla at me. You know what it is."

"We did a couple of sessions," Wyclef explained. "It was a long time ago now, but I still haven't been paid. Mike knows the money he owes me. I just wish he'd get in touch."

Well Wyclef, don't count on it. Jackson is too busy acting like a complete lunatic and CPS never does anything about it. One day those kids will grow up and write autobiographies that will say what really goes on in their "family."

Is this man untouchable?

50 Cent thinks so. He says the rumors about the two working together on MJ's "comeback" are false: "It's not true. Anyway, what can you possible teach Michael Jackson about music? Nothing."