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Badmovies.org Forum  |  Movies  |  Press Releases and Film News  |  Court filings: Jackson estate will be 'solvent' « previous next »
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Allhallowsday
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Either he's dead or my watch has stopped!


« on: July 24, 2009, 09:23:58 PM »

Court filings: Jackson estate will be 'solvent' 
LOS ANGELES – The temporary administrators of Michael Jackson's estate have recovered $5.5 million and substantial amounts of personal property from an unnamed former financial adviser, and predict that the pop icon's estate will be solvent despite an estimated $400 million or more in debt, according to court documents released Friday.

Attorney John Branca and music executive John McClain are serving as temporary administrators as spelled out in the King of Pop's will. The men are finishing several deals that they expect will generate "tens of millions of dollars of revenues..."   

http://news.yahoo.com/s/ap/us_michael_jackson_estate 
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