THE CHRISTIAN POST
By Brittney R. Villalva
CALIFORNIA - The finances of Thomas Kinkade have surfaced following the well-known painter's death that came unexpectedly over the weekend. Following his passing however, it has been revealed that Kinkade had collected a substantial amount of debt. Although it was apparent that Kinkade had faced financial difficulties because his Morgan Hill Company was forced to file for bankruptcy in 2010 with $6.2 million in unpaid expenses, the extent of his debt appeared to remain unknown. According to Newser, Kinkade passed with an estimated $9 million of debt, which was owed to at least 165 creditors. [link]
Friday, 13 April 2012
Thomas Kinkade owed creditors $9M, and all art sale proceeds will go to those bills
Posted on 13:39 by the great khali
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