Michael Jackson to File for Bankruptcy?

From Janet Charlton's Hollywood -



Michael Jackson's financial situation is getting worse every day and he's not doing anything to fix it. Jackson has 90 days to pay back a 23 million dollar loan or he will lose Neverland, which he used as collateral. Right now Michael is living in an expensive rental in Washington DC and Neverland is vacant. Insiders are speculating that Michael might file bankruptcy in the next 90 days.