Sirena
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Joe Jackson already filed for bankruptcy in the late 90s. So did Jermaine.
Actually yes, bankrupting could help him with is child support. When you have to pay beyond your means, you have the option to file bankrupting. This is a reset so you can put yourself together again.
People use bankrupting in that form all the time, which is why people usually sues large cooperation instead of individuals. So even if they do sue and win, they will get nothing. They cannot touch the money they make afterwards since they need it to provide for themselves.
If you want to learn more how bankrupting I suggest you read about it. In either case, the family would get nothing from a suit. The child support would be taken a little from his paycheck until it is payback. So, the Jackson would just be wasting time and money with a suit.