TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

New Jackson Docs -- Millions Recovered

7/24/2009 6:50 PM PDT BY TMZ STAFF

Michael JacksonWe've now obtained documents filed yesterday in the Michael Jackson probate case.

The Special Administrators have recovered $5.5 million in cash from a former financial advisor. The documents do not name the advisor.

In the documents, the administrators predict Jackson has enough cash to pay off his estimated $400 million in debts -- and still have money left over for his heirs.

The docs also say Jackson's children are the beneficiaries of an insurance trust established by Michael Jackson. The proceeds have not yet been collected, which explains why lawyers for Katherine Jackson have asked for a temporary allowance.

The Special Administrators expect to generate tens of millions of dollars of revenue from various business deals that are now in the works.



Story developing ...

441 COMMENTS

No Avatar
16.

txgurl    

Dear TMZ,
We do not care about Michael Jackson. We care even less about Dr. Murray or whoever the f put him out of his misery. Find something else to write about PLEASE.

1896 days ago
17.

Simone    

TMZ is doing a great job giving us all the informations about MJ`s death investigation. Go on, TMZ!!!!!!!

1896 days ago
18.

Raz    

I hope all the people who tried to ruin him while he was alive are satisfied. The aholes like Sneddon, Diane Dimone, Gloria Allred, etc. have been wanting Mike destroyed for a long time.Someone should sue them for slander, ruin their lives and give all their money to Michael's kids.

1896 days ago
19.

normal person    

Can we say that he died peacefully in his sleep. Peace

1896 days ago
20.

Simone    

Who doesn`t want to read about Michael Jackson just get out here!!!!!!!!! I believe that many people want more informations about MJ, and you can notice it looking at the amount of comments on the topics related with him.

1896 days ago
21.

Mike    

At least the children get the big chunks and not his father...

-Mike

Follow us for MJ treasures from the web: twitter.com/mjsanctuary

1896 days ago
22.

crystal    

18. Dear TMZ,
We do not care about Michael Jackson. We care even less about Dr. Murray or whoever the f put him out of his misery. Find something else to write about PLEASE.

Posted at 6:07PM on Jul 24th 2009 by txgurl

For someone who doesnt care, you sure post a lot on here. If you don't care why do you keep coming back? You are so full of yourself hick a billy!!

1896 days ago
23.

Judd    

7. Can Michael sue Dr Murry for malpractice?

Posted at 6:01PM on Jul 24th 2009 by weii



No, Michael can't.

1896 days ago
24.

Lissette    

Imagine how many more millions are out there; i can imagine that so many people stole from him for years.

1896 days ago
25.

Creeder    

5.5 million? In CASH? I don't think I have a suitcase that big.

1896 days ago
26.

icantbelieveit    

Hopefully they give it to Katherine not all at once now but just what she asks for an allowance.Michael took care of his mom when he was alive,it really seems he was the only one who did or she wouldnt be so heavily dependent on getting some money so she and Mike's kids can survive.What about all the other children she has,can't they try and do something to help her.Anyways give her the money so Michael's kids can get the continued care they were getting from their daddy.Hope those kids grow up well and Michael rest in peace.

1896 days ago
27.

TEAMBRANCA    

GO BRANCA AND YOUR FORENSIC ACCOUNTANTS

SICK IT TO THE THEIVES


KATHERINE YOU WOULD BE A FOOL TO GET RID OF THIS MAN!!!

1896 days ago
28.

Freda    

TMZ, We love all the updates you give us on Michael and want more, more, more!!!! We love TMZ for this reason and the very few that disagree can go elsewhere. There's not many anti-Michael people so we sure won't miss them. Keep on doing what you've been doing!!!

1896 days ago
29.

Glendetta    

Love you, Michael. A typical father looking out for the well being of his children. :)

1896 days ago
30.

liz    

Joe Jackson said on TV today that they will build a museum to honor MJ in his hometown of Gary, Indiana.

1896 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web