http://www.bbc.com/news/business-33514174
kinda sad tbh
edit: it's not actually that bad.
"Mr Jackson's business interests will continue unaffected in the ordinary course during the pendency of the Chapter 11 case,'' the attorney said in a statement.
It added: "This filing for personal bankruptcy protection permits Mr Jackson to continue his involvement with various business interests and continue his work as an entertainer."