Michael Jackson’s physician Dr. Arnie Klein is in trouble. He has filed for bankruptcy, claiming debts between $1 and $10 million.
He has an unfortunately long list of people he owes money to: $80,000 to American Express, $127,000 to the IRS, nearly $2.6 million to City National Bank for a mortgage, $50,000 to one of his lawyers, $20,000 to the landlord of his office building, and $115,000 to Dr. David Rish, his medical partner. He also owes around $250,000 to medical suppliers.
Wow.
Pay attention to your finances, and don’t borrow more than you can afford to pay back. Don’t end up like MJ’s doctor!!
[Image via WENN.]