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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.



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441 COMMENTS

No Avatar
46.

Shar    

THERE YOU GO THOSE OF YOU WHO ARE SO JUDGMENTAL - HE HAD INSURANCE FOR THE FAMILY THAT WAS NOT YET, NOT YET, NOT YET, NOT YET, NOT YET, DISTRIBUTED. THAT'S WHY THEY WENT TO COURT TO
GET AN "allowance." REMEMBER: Michael pretty much supported his family because HE WANTED TO.....IT'S his choice.
IF YOU'RE GOING TO HAVE YOUR IMMATURE FIT ABOUT HIS OWN FAMILY NEEDING MONEY, THEN TAKE IT UP WITH MICHAEL HIMSELF BECAUSE IT WAS HIS DECISION.

1862 days ago
47.

retardation of society    

49.
Anyone that would say on national TV that it is OK and loving to sleep with little boys is going to get investigated! As they should. He should have been found guilty.

Posted at 6:36PM on Jul 24th 2009 by Alibaba

_________________________________________________

You are stupid, you have understand nothing

Posted at 6:48PM on Jul 24th 2009 by Andreemyrian
you are stupid, you have understand nothing

wtf? you should rethink that statement

1862 days ago
48.

justme    

IF YOU DON'T WANT TO HEAR ABOUT MICHAEL JACKSON, THEN WHY NOT GO SOMEWHERE ELSE?? FUNNY HOW SOME NEVER WANT TO TALK ABOUT HIM, BUT ARE ALWAYS HERE....HMMMMM

1862 days ago
49.

tiger313    

So, Michael did have money set aside. He was one smart cookie and I love him. All you haters are going to be amazed at what he left, not just for his beautiful children, or the mother he adored, but what he did for charity and the music he gave so the whole world could sing.
I know he wasn't a politician or saint, but he did more for uniting the world than any other entertainer, ever. RIP angel, your death will be avenged.

1862 days ago
50.

Alibaba    

48.
Anyone that would say on national TV that it is OK and loving to sleep with little boys is going to get investigated! As they should. He should have been found guilty.

Posted at 6:36PM on Jul 24th 2009 by Alibaba

_________________________________________________

You are stupid, you have understand nothing

Posted at 6:48PM on Jul 24th 2009 by Andreemyrian

+++

I think you're a naive moron.

1862 days ago
51.

silly2    

http://www.maximum-jackson.com/discussion/showthread.php?t=8465 look at this!!! who was dirty diana? was he mad she started a new life?

1862 days ago
52.

justme    

FOR SOMEONE WHO IS TIRED OF HEARING ABOUT MJ, YOU SURE ON HERE ALOT... WHY NOT GO SOMEWHERE ELSE?????

1862 days ago
53.

Alibaba    

56. So, Michael did have money set aside. He was one smart cookie and I love him. All you haters are going to be amazed at what he left, not just for his beautiful children, or the mother he adored, but what he did for charity and the music he gave so the whole world could sing.
I know he wasn't a politician or saint, but he did more for uniting the world than any other entertainer, ever. RIP angel, your death will be avenged.

Posted at 7:01PM on Jul 24th 2009 by I love Michael Jackson

++++


ROFLMFAOPIMP! Are you serious? He united the world? Give me a break! You're out of your mind.

1862 days ago
54.

Umm    

"New Jackson Docs -- Millions Recovered"

TMZ needs to distinguish more between Docs and docs. There could easily be millions more Doc[tor]s involved, or new Doc[tor]s with millions of $$, or something.

1862 days ago
55.

just sayin    

yay!!! team branca all the way

1862 days ago
56.

Alibaba    

52. EVERYONE ON THIS SITE THAT HAS NOTHING GOOD TO SAY ABOUT M.J U TAKE SOME DIPRIVAN YOURSELVES LEAVE M.J ALONE AND LET HIM R.I.P HE,S BETTER THAN ALL OF U PUT TOGETHER HE WAS THE MAN GOD BLESS U M.J AND FAMILY XOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOXOOXOXOXOXOXO....LONG LIVE THE KING OF POP....XOXOXOXOXOXOXOXOXOXOX

Posted at 6:50PM on Jul 24th 2009 by ALEXANDRA

+++

Another moron.

1862 days ago
57.

DangerBaby    

Go Team Branca and TMZ! Keep it up. Let's make things right.

1862 days ago
58.

REAL    



MONEY MAKING DEALS >????

WHY NOT STUFF MJ AND TOUR HIM OVER AT THE O2 CENTER.
THEY HAVE THE BEST SOUND SYSTEM IN THE WORLD.
WHY DO YOU THINK AEG PICKED IT, IT IS BECAUSE MJ WOULD BE LIP SINKING BECAUSE HE COULD
NO LONGER SING LIKE HE USED TO...
PEOPLE KEEP FORGETTING MJ WAS ALMOST 51.... HE WAS NOT THE KID HE USED TI BE WHEN HE RECORDED
ALL THE MUSIC PEOPLE LISTEN NOW.....

1862 days ago
59.

blameitonkarma    

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.

Posted at 6:10PM on Jul 24th 2009 by hugh jass
********************************************************
Amen to that. Particularly Sneddon and Dimond. In many respects, I think they've got as much blood on their hands as Conrad Murray.

http://www.lauratrojan.com/category/michael-jackson/

1862 days ago
60.

Unknown    

Have they found his nose yet? They lost it at Staples Center after they dumped him out, to return that rental casket. Go look for it; it looks like an ice cream stick.

1862 days ago
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