Michael Jackson's longtime doctor files for bankruptcy
Dr. Arnie Klein, a famous Beverly Hills, California-based doctor who treated celebrity clients such as Cher, Dolly Parton and Michael Jackson, filed for bankruptcy this week.
Dr. Arnie Klein, a famous Beverly Hills, California-based doctor who treated celebrity clients such as Cher, Dolly Parton and Michael Jackson, filed for bankruptcy this week.
In a U.S. bankruptcy court in Los Angeles, Klein filed for Chapter 11 protection citing debts between $1 and $10 million.
According to the filing, Klein owes $80,000 to credit card lender American Express, $127,000 to the IRS and nearly $2.6 million to City National Bank for his outstanding mortgage payments, TMZ reports. Also included among his creditors were one of his lawyers, the landlord of his office building and various medical partners.
Klein made headlines of his own following Jackson's death, as he became a prominent figure in the investigation after admitting he prescribed Demerol to the late singer, according to Radaronline.com.
By filing for Chapter 11 bankruptcy, Klein signified that he plans to organize his debt, while not liquidating any assets, as a Chapter 7 filing would have indicated. He did not value his assets in the filing but reportedly became one of the highest-paid celebrity doctors while working with Jackson.
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