Monday July 27, 2009 9:24 pm
Michael Jackson’s Estate Will Negate Singer’s Debt
Though Michael Jackson died while still owing about $400 million in debt, court documents suggest the remainder of his estate will substantially cover this deficit. According to attorney John Branca and music executive John McClain, they are working on deals that will “generate tens of millions.”
These two have arranged for allowances to be distributed to Paris, Prince and Blanket, Michael Jackson’s three children, along with Katherine Jackson. The LA court has decided, however, to wait until the August 3 hearing (which will determine guardianship of the children) before dispensing these funds.
Read More | Perez Hilton
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- katherine jackson, michael jackson, michael jackson estate, michael jackson kids
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I know everyone has cracked jokes about him for the better part of 15 years now, but it's sad that he's gone. I remember busting out moonwalks as a kid.
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Pity he died! Jackson was a unique music phenomenon! There are no other singers like he! Too pity!
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How about the goss that hes ghost showed up??? OMG< let him RIP
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He was a dear person. A sensitive young man, a poet. As much as we will miss him, I?m glad my family has many records, cds, and videos of some of his electrifying performances. Mike was a true star! Rest in peace Michael Joseph Jackson. thanks for sharing all links with us.
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the world had mourned when he died. the world turns around when he died. long live MJ. even though its over now you will be in our heart forever.
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An important chapter in the music history ended with his death,he was a good human being, it is sad that he had go through brutal media trials in his life...he will be surely missed...RIP.
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I am a huge fan of MJ's Dancing and Singing. He was Legend. I am very much upset .. I cannot believe that now he is not with us.
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He was a legend, we lost him but he was a academy for dance and music for all he was best
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Good to hear that. I was looking for the same kinda link, I am biggest fan of Michael Jackson. thank you very much....
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Michael Jackson is great man, I love his all songs. When I came across his history, I realized that he is great fighter in his life.
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