Michael Jackson's Music May Get Second Chance

12/21/2009 1:30 PM PST
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.