Michael Jackson's estate executors want to breathe new life into an incredibly valuable asset -- the heavily-collateralized MIJAC Music Catalog.
The Catalog -- valued this year at around $100 million -- was used by Michael Jackson to secure at least two big loans.
According to legal docs obtained by TMZ, co-executors John Branca and John McClain have entered into negotiations with a bank to restructure the two loans with more favorable terms. The new terms could save the estate a fortune.
Michael Jackson's Music May Get Second Chance
12/21/2009 1:30 PM PST BY TMZ STAFF
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