MJ's Estate Will Pull Jackson Out Of Debt
Filed under: Michael Jackson
Even though Michael Jackson died with a reported $400 million in debt, the late King of Pop's debts are expected to be completely cleared with the $$$$ in his estate, according to court documents.
The co-executors of Jackson's estate, MJ's former attorney John Branca and music exec John McClain, have even said they are in the process of wrapping up a few deals that will "generate tens of millions of dollars of revenues" for the estate.
Branca and McClain have set the wheels in motion for allowances to be distributed to Jackson's children Paris, Prince Michael and Blanket, as well as his mother Katherine, but a Los Angeles judge has decided to wait until the guardianship hearing (Aug. 3rd) to consider the allowances.
[Image via WENN.]
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I AM SO EFFING SICK OF HEARING ABOUT THIS CHILD MOLESTING CREEP. MICHAEL MOLESTED YOUNG CHILDREN AND DID AWFUL THINGS. JUST BECAUSE HE DIED DOESN'T MEAN MY OPINION OF HIM HAS CHANGED, IT HASN'T. SHUT UP ABOUT HIM.
Re: hannahsays – shut the hell up bitch, if u;re sick of hearing about him why the fuck u bother commenting. Just EFFING shut up. The man is dead, atleast show some respect by shutting up? sheesh, how did u bloody know if he really molested kids, who the hell are u? getalife.com
Re: hannahsays – u lame.
Re: perezisaloozer – totally agree, i don't understand why ppl would go out of their way to disrespect another human being, also a proclaimed humanitarian, who just passed away.
Re: hannahsays – Look trick . just because you aint like the man doesnt mean you have to pull everybody else into your hatred. Stfu it doesnt matter whether you liked him or not have some dang on respect for the dead. People like you are just haters because he was famous alive and in death . So before you go runnin your damn mouth stfu and read the truth. he didnt molest anyone . what else awful did he do ? he freaking gave the most money to charity out of anyone in the world so bitch dont come at him like that !
Jeez pervez. It seems MJ was his own worst enemy. How can the huge debts that had plagued most of MJ's adult career/scandals be absolved in less than a month after his death? Or is the fact that he's more valuable dead than alive lost on you? 50 years old, all carved up like a jacko-lantern, laser-bleached to a whiter shade of pale, addictions no normal junkie could ever hope to have, and a whole host of parasites counting green. My latest feelings about MJ are "Next?"
Um if you're $400M in debt then how does a deal generating "tens of millions" of dollars pull you out of it?
Re: billie123 – self-proclaimed, is the key word.
big old dead pedophile. Thanks for the music, asshole.
"I love the chilren"
"thats stupid"
"what is wrong with sharing your bed with a child"
"thats ignorant"
"I love the chilren"
"who wants Ice-cream, I do, I do"
Re: anniegirl – truly a disturbed and ignorant person . aka YOU ! get a life and stop bringing others down !
Wow I a shocked that there is another MJ story. Get with the living Mario!
Re: kellzcaprice – I don't think so. You will just believe ANY crap someone shovels down your fucking throat. What grown man has numerous portraits commissioned of himself with floating little boy angels floating around him, and looking up lovingingly. One of his portraits, he and all his little white-boy angels have on loinclothes. You are a fool. Walks like a duck, smells like a duck, its a fucking duck. For a minute I don't buy this 'missed childhood' bullshit. The man was a straight up pedophile, who spoiled himself because he had no one watching over him and his power and money.
The man is a GOD to pedophiles around the world. You stupid asshole.
stop stop stop stop stop posting about him. NO ONE CARES. and this is all shit we've heard on the news. stick to what you know like drawing cum dripping from lohans face and cyber-molesting 17 year old boys.
Re: anniegirl – Yet again obviously you listen to all the tabloids etc. that just wanna put even more dirt on his name . Its your oppion whatever . But despite of what he "supposedly" was and the stuff he "supposedly" did , do you even care about what his kids are going through . in my heart and lets say about 80% of the worlds michael was an angel and it was ppl like you that just had to throw dirt on his name . grow up already . and if you hate him so much why do you take your precious time to talkt about him so much. you must like reading about him huh
Re: kellzcaprice –
"your stupid"
"your ignorant"
ok…
everyone needs to just get over this!
you were making fun of him before he died perez!
Re: anniegirl – thanks !
This man is a GOD to pedophiles around the world. HELLO?????????
Re: anniegirl – "you have no life"
"youre a retard"
Yeah, a man who runs a fucking 'empire' pays someone $20 million dollars so he can 'move on with his life' and put the 'nasty' charges all behind him. This guy wasn't stupid. He was one of the biggest artists in the world. The man bought Paul McCartneys catalog of music before McCartney could buy it, after he and McCartney became friends, sang together, and McC. gave him the business tip on buying catalogs. McC cussed him for that one. Heard that from his own lips. You are brain-washed to believe MJ's shit of being wonderful. He was just a self-serving asshole.
Re: perezisaloozer – you must not have seen the documentary "thats stupid'
Re: perezisaloozer – "anniegirl"
"is a low budget bitch"
"has no respect for the dead"
"loves putting others down"
"perezisaloozer"
"is awesome"
"because he believes anniegirl"
"sucks"
"lol"
of course I feel for his children, he should have never been able to buy those kids. Debbie Rowe is a broad mare. Just shows you what power and money can do?
I just don't put up with pedophiles, asshole.
Re: blablaablaaa – Respect for the dead? You are making me laugh. ha ha ha ha ha I would piss on his grave.
Re: anniegirl – and id piss on your too ! (:
Yeay, Sean Jean, George Clooney, Jude Law, Sean Penn….they are all about Jackson's age. Do you think they have paintings of themselves with little naked BOY angels flying around? Don't think so.
ha ha ha ha ha ITS A DUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!1
Re: anniegirl – And what about all the donations he gave to the charitieS huh? What about his name in the guiness book of world record for breaking the rcord for donating the most huh? Why only point out the negative stuff? huh? What self-serving asshole huh? Omg you really have no respect for the dead huh? Karma honey.. one day when youre gone… nobody is gonna have respect for someone like you. Sheesh… if u hate him so much why cant u just shut up.. the world would be a much peaceful place without human trash like you.
Re: perezisaloozer – I am not the pedophile, honey
Re: perezisaloozer – big deal, they are called 'tax breaks' grow-up
What you do not understand, pedophiles really do LOVE children. They worship them. They NEVER think they are hurting them. They actually think they are LOVING them. Duh. They do anything for children!
I have respect for the dead, just not pedo-boy. What hit a nerve?
EVERYTHING was about children. Come on. He lived in a self-made pedophile dream.
Re: anniegirl – OKAY
Re: anniegirl – AS LONG AS YOURE HAPPY.
Re: anniegirl – HAVE A GOOD LIFE, ANNIE THE PEDO GIRL.
Re: perezisaloozer – thanks. Queen, pleeeaaassseeee…
USA wanted whole world to belive that Sadam Housein has mass destruction weapon, BUT nothing except sand and OIL was there. Same thing with Jackson your sick racist country destroyed a man, just because he was black, rich, succesful, and adored all auround world- and that is not a good combo in yours sick heads.
Re: perezisaloozer – thanks. Queen, pleeeaaassseeee…Re: perezisaloozer – oh, I get it now, your British.
Re: mattee – sorry, we didn't put the drugs in his hands. What does him being black have to do with it. He must not have been 'black' his kids aren't black.
Re: mattee – are you the dude thats married to that amazon girl? Brigette Nielson?
Bridgette looks good that she sobered up. You GO Bridgette
Re: hannahsays – Your a fool
Re: anniegirl – lil girl, why are you being so hateful towards michael? why do you call him a pedophile when there was no real or solid evidence to label him one? Michael jackson has had hundreds of kids hang with him at the neverland ranch and just this one kid calls foul. A kid whose parents were ex-cons and were willing to settle the case for millioins instead of try to send a man whom they claim stole their child's innocence to jail. THats right, you are as ignorant as other ppl hating on michael. Quit basing your opinion on the crazy rumors and sensationalized allegations of the media. Quit looking at michael as if he murdered somebody. you are the murderer here, you are part of the reason why michael had to run away into seclusion from the madness and had to take lots of drugs just to sleep at night. michael tried to spread the love and help the children of the world, then to have ppl try and label him a pedophile. that is cruel. rip michael . your many fans always got your back.
you dont have to like his music, but come back with a real argument instead of your obviously desperate plea for attention…peace!
Re: billie123 – NOPE! I don't buy it.
Re: anniegirl – are you Tom stupid Sneddon or maybe evil bitch Diane Dimond?
His debt will be taken care of because Michael wasn't broke. He preferred to hang onto his assets and use lines of credit to finance his lifestyle. A lot of wealthy people do that. Unfortunate the masses aren't aware. So he would use the $65,000,000+ he was getting from his music catalogs each year in royalties to pay his lines of credit. Like a credit card you can pay on a credit line monthly or when the loan becomes due. When you think small you'll receive small answers.
Re: BlackGaySocialite – he was broke. Bank of America took back his portion of the Beatles catalog years ago. Everyone knew when he was broke, he would have to do a huge European tour.
We need that she/male that screamed 'leave Britney alone!!!' for MJ ha ha ha
Michael, please get your finger out of my ass.
isnt kinda funny too how all the media reported Mj was broke and in debt. documents showed that he actually had 100-200 million in debts and not 400 million. and if he now was in this massive debt.. how can his executors pay off the debt just 1 month after his passing? Lol– fools who believes everything the media print.
Re: anniegirl – Oh since you are this self-proclaimed phyciatric of pedophilia then you should know that MJ doesnt fit the profile of a pedophilia. During trial, Michael Jackson was examined by a psychologist who said Michael Jackson doesnt FIT the profil of a pedophile. So hunny, I rather believe that psychologist rather than a brain-washed bias media-jaded person like you. Michael Jackson did not live up for the standard norms in society.. so that just have to MAKE him a criminal? No! I also rather believe chief legal analysts like Bob Messi (from FOX news) and Andrew Cohen, chief legal analyst for CBS News, who both said the allegations and trial were Bs. Just to quote Mr Cohen "One observer who did attend the trial was Andrew Cohen, chief legal analyst for CBS News. Following the trial he wrote a column addressed to those who were upset with the verdict: "The case against Jackson was so bad that even you would have acquitted him based solely upon the evidence. Yes, it was that bad."
i don't understand why people are being so negative in regards to mj. before you label the man as a pedophile please do the research. most can agree that mj had some issues but the man was not a pedophile.
Re: anniegirl
GOOD TO READ , "This profile is private or does not exist anymore"
HAHAHAHA!!!!
Re: anniegirl – I've found out your real name and I'm reporting u to the police because U R THE 1 who is a pedophile!! The one's who complain the most are the most guilty
Re: hannahsays –
Wow,how do you really feel?
In case you were wondering,Michael WAS FOUND NOT GUILTY!
I hope they do find someway to get the estate out of debt! I wish only the best for his kids and family that have been left behind by this tragedy!! RIP MICHAEL JACKSON!!!!!!!!!!!!!!!
Some people need to READ more than gossip blogs. Jackson's estate is at least worth 500 million, and I am quoting from Branca and Maclain, his lawyer and executor.
@hannahsays: you should start reading good books, by investigative writers and reporters, and not tabloids. Do not advertise your ignorance!
Re: brainchild – That anniegirl is one of the worst haters on perezhilton. She hates EVERYONE. She argues with everyone. No one likes her.
I'm bored of Michael Jackson stuff… didn't Jessica hack Tony Romo's email or something???
@anniegirl
Your ignorance is so overwhelming. Since you seem to have so much time on your hands why don't you try and educate yourself by reading relevant books?Get yourself, transcripts of the police investigations made available to some investigative reporters. And finally acquire some knowledge which does NOT come from the tabloid press.On the other hand, reading such demanding documentation might be beyond your scope.
Re: hannahsays – And you're basing this on what? Oh right, accusations. That's why our justice system found him innocent and the child he supposedly molested said it was all a ploy for money…
Rest in peace…decolored freak!!!
Re: bitch_you_are_not_cute – speak for yourself asshole
In our darkest hour
In my deepest despair
Will you still care?
Will you be there?
In my trials
And my tribulations
Through our doubt
And frustrations
In my violence
And my turbulence
Through my fear
And my confessions
In my anguish and my pain
Through my joy and my sorrow
In the promise of another tomorrow
I'll never let you part
For you're always in my heart.
**************************
Thank you, Michael, and god bless you.
Re: anniegirl – BITCH he isnt self proclaimed that name was given to him by elizabath taylor yess THE ELIZABETH TAYLOR which is pretty much a big deal and btw people do seem do afgree with her on it so suck on that bitch.* your like on every michael jackson post you must hate him soo much that your gonna spend your time checking every post about him and taking your time to type shit?? wow sounds like your actually obsessed with him bitch .! Re: hannahsays – BITCH shut the fuck up im not surprised you think that ..only true mj fans know the truth about him!! you must really have been living under a rock since you think hes guilty!! newflash bitch HES INNOCENT AND WILL ALWAYS BE!!** . and guess what bitch your opinion dosnt matter!! because its you againts the world* im sure when you die not that many people will care.and its not like me to say something THAT cruel but bitch you deserve it!
michael is the king ** always will be* the nicest person in the world*
YOU PATHETIC MORONS COULDNT BE CRUEL TO A NICER PERSON*
R.I.P MICHAEL!
********** TOO ALL MJ FANS*******
its soo great how wherever theres an mj hater
were always there to attack them lol.
i love how you either dont like michael or you love him to the fullest theres no in betweens**
********** TOO ALL MJ FANS*******
its soo great how wherever theres an mj hater
were always there to attack them lol.
i love how you either dont like michael or you love him to the fullest theres no in betweens**
******* TOO ALL MJ FANS*******
its soo great how wherever theres an mj hater
were always there to attack them lol.
i love how you either dont like michael or you love him to the fullest theres no in betweens**
********** TOO ALL MJ FANS*******~~
its soo great how wherever theres an mj hater
were always there to attack them lol.
i love how you either dont like michael or you love him to the fullest theres no in betweens**
TO MJ HATERS
fuck all of you ,if you dont like him thats alright noone is forcing you to like him but you guys should at least be mature enough to respect the man*
you guys take your time to fucking say all this shit about him on here ..why dont you guys fuck off with the fucking hate* and spread it to someone who deserves it.* because its not michael..you guys should be proud of yourselves you guys have done more than enough to fucking make this guys life a living hell while he was alive.* just leave him alone now.because hes gone* and he dosnt need the hate anymore. theres nothing more you guys can do now*but also im sure its making you guys feel like shit to know that hes in a better place now laughing at you ugly dickheads!!
HEE HEE!
TO MJ HATERS!
fuck all of you ,if you dont like him thats alright noone is forcing you to like him but you guys should at least be mature enough to respect the man*
you guys take your time to fucking say all this shit about him on here ..why dont you guys fuck off with the fucking hate* and spread it to someone who deserves it.* because its not michael..you guys should be proud of yourselves you guys have done more than enough to fucking make this guys life a living hell while he was alive.* just leave him alone now.because hes gone* and he dosnt need the hate anymore. theres nothing more you guys can do now*but also im sure its making you guys feel like shit to know that hes in a better place now laughing at you ugly dickheads!!
HEE HEE!
Re: blahblah12 – holy fuck you're annoying. you have nothing better to do than obsess over a creepy dead celebrity do you? im sorry, that must really suck.
Re: hannahsays – UMM NOO BITCH IM WRITING ABOUT MJ* BECAUSE I ALWAYS STUCK UP FOR HIM** BECAUSE HE DOSNT DESERVE HATE ESPECIALLY FROM AN UGLY LOSER NOBODY LIKE YOURSELF**
AND BITCH IM NOT OBSESSING OVER HIM
BUT IF I WAS ITS BETTER TO OBSESS OVER SOMEBODY YOU LIKE THEN OBSESS OVER SOMEBODY YOU HATE
WHICH IS WHAT YOUR DOING BITCH!
FUCK OFF!
Re: hannahsays – UMM NOO BITCH IM WRITING ABOUT MJ* BECAUSE I ALWAYS STUCK UP FOR HIM** BECAUSE HE DOSNT DESERVE HATE ESPECIALLY FROM AN UGLY LOSER NOBODY LIKE YOURSELF**
AND BITCH IM NOT OBSESSING OVER HIM
BUT IF I WAS ITS BETTER TO OBSESS OVER SOMEBODY YOU LIKE THEN OBSESS OVER SOMEBODY YOU HATE
WHICH IS WHAT YOUR DOING BITCH!
FUCK OFF!
!!!!!!!!!!!!!
Re: hannahsays – AHAHHA YOUR PATHETIC YOUD RATHER LIKE DISNEY LOSERS LIKE
"ZACH EFRON,MILEY CYRUS,SELENA GOMEZ,HILARY DUFF"
THAN MICHAEL JACKSON
HAHAHAH
IM NOT EVEN GONNA ARGUE WITH YOU
HAHA SEEMS LIKE YOU HAVE A MAJOR PROBLEM HAHAHHA
CHECK THIS OUT PEOPLE
THIS BITCH DOSNT KNOW ABOUT REAL TALENT HAHHA
IM SUCH A LITTLE BITCH
I KNOW ***
LOVES IT **
I WILL MAKE SURE I WILL DESTROY YOU ONEDAY BITCH!
Re: hannahsays – HANNAHSAYS IS A TOTAL DOUCHEBAG AND TALKS OUT OF HER ASS!!!!!
Re: PLEZZZ – sorry, asshole
Re: minaahm – you are such a child.
Re: PLEZZZ – sorry, assholeRe: blahblah12 – you douche. THE Elizabeth Taylor. She is just old. She was a big star. She had a zillion husbands. She fist-fought with Eddie Fisher. She has had drug problems for fucking years. Ohhhhh, TTTTHHHHEEE ET. Go Fuck Yourself. I saw her at the Key Biscayne Hotel when I was a kid. She had on a moo-moo and shreaked 'oh shit' when her white poodle got out of her cabana. She is just a person, no better, no worse. Why do you think that because you are a 'fan' you know these people, fool.
Re: brainchild – nut job.
Re: anniegirl – listen anniebitch, im not going to repeat what others have said cause i dont want to waste my breath on no lives like you, but incase you havent heard, the day after Michael died, the first boy to ever accuse him of sexual abuse came forward and admitted that his father forced him to lie and say that MJ has taken advantage of him. People saw him a vulnerable ATM machine and the poor guy will have more heart and tallent than anyone on this planet so watch your fucking mouth and stop smearing shit on this planet.
Re: hannahsays – ok you sound pretty sure of what you are saying would you mind elaborating on the 'horrible things' that he has done and 'molested children'? what exactly do you know about that? of course, the pathetic ingorant media stories trying to make some $$$ off the guy who has done nothing but put so much money into helping poor hungry underprivalaged children; this world is fucked up and you are just a big part of the twisted minded fruitcake fools. by the way, way to leave out how the first boy to sue him for molestation actually admitted one day after his death that he made the whole thing up under the influence of his father. so much for your 'child molestation' argunemt. bitch.
What a horribly written, uninformative article. If we have to read the source, then your site is completely superfluous now isn't it, fatass?
Of course his estate is making BUCKETS - COAL MINING BUCKETS of money — all those redickulous "fans" of his are BUYING his records. DUH…
Anniesgirl, YOU ROCK! the man indeed IS THE GOD OF AND TO KIDDIE FIDDLERS. THEIR IDOL!!!! I hope none of HIS "FANS" ever have to try to rebuild THEIR lives after a PEDO has messed with THEM; read: YOU. MJ would be dying of laughter if he weren't already dead! (can you laugh if you don't have a nose? LOLOLOLOL)
.
.
.
logging off and reaching for asbestos suit! LOL
Re: blahblah12 – you often go about THREATENING people, do you? Admin, where are you?
Re: billie123 – Just wondering who the hell claimed Michael Jackson was a humanitarian…You obviously don't know the meaning of the word.. the only humans MJ was interested in was little white boys..
Re: kellzcaprice – To 80% of the world's population MJ was a saint - where on earth did you get the stats to magic that figure up…like all MJ fans - you're delusional…
Re: perezisaloozer – Once again the MJ lovers come up with a completely false story about MJ being the largest donator to Charity - It may interest you to know that the Bill Gates foundation gives $800 million dollars every year to various charities… MJ doesn't even have that sort of money - and never has - So how the hell could he top that sort of donation - once let alone every year… the Guinness Book of records story is fabricated by desperate MJ fans..Do your research first before you make yourselves look stupid.
Annie your info is totally incorrect and false. Me myself having finance contacts can tell you that the loan to BofA was paid in full through restructuring of that said loan. You only know what tacky websites report. This is a fun website but you should always do your own research. Michael Jackson owes BofA nothing. Sony restructured all Michael Jackson loans to avoid his catalog being taking over by anyone but them.
Re: Kittsa – are you mad that you wont get this much love coming your way when you die ? im afraid so !