Prosecutors believe Jackson may be $300 million in debt, then said the singer may have $400 million in liabilities and that his financial troubles "will all come crashing down on him in December of 2005," Auchincloss said.
Is it possible he actually owes $300 million? Who the hell would extend that kind of credit of any type.
...ah, apparently it's at least because he put up half the beatles catalog as collateral...