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
76.

sure man    

how come sarah palin take a vile of Propofol???

1886 days ago
77.

GiJackson    

SEE A MICHAEL JACKSON SECRET HERE >

www.youtube.com/watch?v=rCTJVDrS7Eg
=============================
VEJA UM SEGREDO SOBRE MICHAEL JACKSON
=============================

1886 days ago
78.

PAHairston    

Hello All, it feels sooooooooooooo good to post on a board where most white folks love Michael. (R.I.P. MJ) (Go to Aol.com, so many haters sprewing their venom about MJ one can't breathe.) I'll go to my grave never believing the lies they tried to tell the world about Michael, that he was a pedophile, a child molester. MJ love children, pedophiles don't. Look at his record, he's in Guiness Book for giving more money to charities than any other celebrity. His legacy will live on and on and on, when the color of one's skin won't matter. Peace. Good job TMZ!

1886 days ago
79.

Kevin    

Whatever is bet for the Kids - forget the rest of the money hungry fools - Money is not the root of all evil it is The Love of Money that is the root of all Evil - The Kids deserve the best and the rest and Love their Dad - Not the MJ we know. He was a loving Father. God Bless is Sould and watch out for the Kids, and may the Money hungry fools may Karma come your way.

1886 days ago
80.

wondering    

yeah, and that weird ass "biographer" said MJ was so broke that he didn't have money to put food on the table for the kids and he could not afford a hotel better than the rat infested hotels he took his "construction worker boyfriend" . Ian halperin you should be ashamed of yourself.

1886 days ago
81.

Saultxyca    

... Well done, TMZ -- again!!

1886 days ago
82.

Mary    

Wonderful! So happy his kids will be taken care of along with his heirs. Hooray! Just wish MJ could know about this wherever he is. :-)

1886 days ago
83.

Mary    

#87: WONDERFULLY SAID! LOVE IT AND THANK YOU FOR SAYING ALL OF THAT. LOVE MJ NO MATTER WHAT - HAVE BEEN A TRUE FAN FOR 40 YEARS!

1886 days ago
84.

Mary    

#88: Do you think that 'biographer' is a fake? He said it took him 5 years to write his book. Why then did he bring it out right after MJ's death? He makes me sick.

1886 days ago
85.

Marnie    

"Ya all live in la la land. MJ destroyed himself by being a junkie. Can't blame no one but him. Perhaps he was tormented by what he did to those little boys?

Posted at 7:34PM on Jul 24th 2009 by ThinkAgain"

Ugh.. do you have proof there? Better THINK AGAIN!

1886 days ago
86.

LakersFan    

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
******************
Go to Perez Hilton or some other crap if you don't like TMZ. Thats like telling all the news networks to stop reporting on the 9-11 attacks when they happened. It's a major news event and TMZ is doing there job.

1886 days ago
87.

LakersFan    

93. "Ya all live in la la land. MJ destroyed himself by being a junkie. Can't blame no one but him. Perhaps he was tormented by what he did to those little boys?

Posted at 7:34PM on Jul 24th 2009 by ThinkAgain"
**********

Think again doesn't think at all. Do some research before you spit out nonsense.

1886 days ago
88.

wondering    

92. #88: Do you think that 'biographer' is a fake? He said it took him 5 years to write his book. Why then did he bring it out right after MJ's death? He makes me sick.

Posted at 8:02PM on Jul 24th 2009 by Mary

Yes, I do believe he's a fraud of the highest order. he comes up with the funniest stupid lies like how he supposedly tricked his way into being close to Michael. he say he pretended to be a HAIR DRESSER! can't he come up with a better lie? Don't even get me started on the MULTIPLE CONFIRMED LIES he told while Mj was living. He's really creepy and the few times I've seen him he's wearing the same old ratty suit and ugly glasses. He's a really bad joke!

1886 days ago
89.

LakersFan    

I think Katherine will realize the administrators Michael appointed are his best choices yet and I doubt she will continue to interfere with their power over the estate.

1886 days ago
90.

LakersFan    

LOS ANGELES, Calif. --

A former doctor for Michael Jackson has claimed the pop star’s eldest son was called in to act as a witness as Dr. Conrad Murray performed CPR on the singer.

Dr. Steven Hoefflin, Jackson’s plastic surgeon for three decades, claimed to Access Hollywood he was speaking out with the permission of Michael’s mother, Katherine Jackson.

“Dr. Murray actually got… Prince Michael to personally come into the bedroom to watch him performing CPR on his father,” Hoefflin claimed to Access on Friday.

Hoefflin claimed the family told him that 12-year-old Prince Michael Jackson watched in horror so Murray would have an eyewitness to his resuscitative attempt.

Hoefflin also claimed he learned that Michael Jackson was dead for at least two hours before arriving at the hospital.

Murray’s rep won’t comment on the ongoing investigation.

1885 days ago
Previous 15 Comments | 3 | 4 | 5 | 6 | 7 | 8 | 9 | Most Recent | Next 15 Comments

Around The Web