Michael Jackson is reported to have been grappling with staggering debt just days before his death in Los Angeles, with court documents revealing his dire situation. The night before his death, Jackson had been enduring six-hour dress rehearsals at the Staples Centre in preparation for his highly anticipated This Is It residency at the O2 Arena in London. His highly anticipated return was expected to come with new songs for the shows which were scheduled to run from July 2009 to March 2010. Despite the excitement of his return, Jackson’s financial situation was in a bad place with debts mounti…