There are several alternative debt repayment methods that could have potentially helped Michael Jackson manage his $400 million debt. These include debt consolidation, debt settlement, and bankruptcy. Debt consolidation involves combining all debts into one loan with a lower interest rate, which can make repayments more manageable. Debt settlement involves negotiating with creditors to pay a lump sum that is less than the total amount owed. Bankruptcy, while a last resort, can wipe out certain debts. However, these methods all have potential drawbacks and should be considered carefully.
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