EXCLUSIVE DOCUMENTS: Michael Jackson Doctor Arnold Klein Files For Bankruptcy; Owes Creditors $3.5M -- Read His Petition
May 28 2018, Updated 10:16 a.m. ET
Michael Jackson’s former dermatologist, Dr. Arnold Klein, has filed for Chapter 11 bankruptcy -- claiming he owes his creditors $3.5 million -- Breaking Celebrity News has exclusively learned.
EXCLUSIVE COURT DOCS: Read Arnold Klein's Bankruptcy Petition
Klein filed for Chapter 11 at the Central California Court as a ‘Single Debtor' on January 20, 2011, listing his medical office on 435 North Roxbury Drive in Beverly Hills where Jackson was a frequent visitor.
According to the court papers obtained by Breaking Celebrity News, Klein filed as an "individual" and he checked the box listing the number of his creditors as being between "1 and 49". It also lists his assets as being between "$0 and $50,000" and estimates his liabilities as being between "$1,000,001 and $10 million".
According to the bankruptcy filing, the list of creditors holding the 20 largest unsecured claims against Dr. Klein amounts to $3,518,584.
The biggest accumulative debts against Dr. Klein was with City National Bank totaling some $2,695,150 in credit lines and unpaid mortgage loans.
In the bankruptcy filing it reveals that Klein owes American Express $79,493 in credit card fees, Bank Of America