Michael Jackson Bankrupt?

So maybe there’s some substance behind Michael Jackson’s newfound ethnic heritage and his readiness to battle those Satanic meanies at Sony? According to this story, he’s broke, owes hundreds of million of dollars, is behind on his payroll, and without a big new hit has no way to pay off his current debts. It also describes his ongoing spending, which makes Elton John seem frugal. Apparently, he’s also blown a huge portion of his money on settlements to forestall child abuse allegations and payouts to various ex-wives and hired wombs.