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Michael Jackson

Estate Clears MJ's Massive

Debt ... Almost

7/13/2012 12:14 PM PDT BY TMZ STAFF
EXCLUSIVE

0713_michael_jackson
Michael Jackson
's estate has made a fortune since the singer's death -- so much in fact ... it's nearly paid off $500 million in debt the King of Pop left behind when he died.

Executors for the Estate filed legal docs -- obtained by TMZ -- which show the Estate has generated gross earnings exceeding $475 million as of the end of May. 

According to the docs, all of MJ's debts have been paid, with the exception of a BIG debt involving Michael's publishing catalog ... and executors expect that will be fully paid off by the end of the year.

It's not only good news for the Estate ... it's great news for the small army of lawyers who have been handling all the legal and business affairs.  Their fees -- from May, 2010 through November, 2011 -- exceeded $13.6 MILLION!

Two other things ... Katherine is asking for an additional $34,700 a month to pay for lawyers and accountants, and another $205,041 to cover lawyer and accountant fees from 2011.

Final thing --There are still some unresolved creditors' claims and several lawsuits to clear up.

All in all ... not a bad turnaround.

222 COMMENTS

No Avatar
61.

Dose Of Reality    

Take a look at that picture they used for the article.

MJ looks whiter than any of the whitest people I've ever seen. The bleaching can't be denied. Sure MJ had the most crippling case of vitiligo the world has ever seen, but that is just crazy.


Fans would want you to believe that MJ didn't want to be white but if that's the case, why use all the powerful and toxic bleaching chemicals instead of using natural substances to make the light areas of skin dark?


If MJ was such an inspiration, a humanitarian, wanting to do the best for children, why did he treat his vitiligo the way he did? He could have stood strong, worn it like a badge of honor, and been an inspiration to others with the condition so perhaps they wouldn't have to be ashamed.


Just saying...

794 days ago
62.

HumanNature    

Dose of Stupidity


YOU NEED TO GET OUT MORE AND LEARN TO "JAM" WITH THE MUSIC


MUSIC IS SOOTHING TO THE SOUL

794 days ago
63.

HumanNature    

Jam by Michael Jackson


Nation To Nation
All The World
Must Come Together
Face The Problems
That We See
Then Maybe Somehow We Can Work It Out
I Asked My Neighbor
For A Favor
She Said Later
What Has Come Of
All The People
Have We Lost Love
Of What It's About


I Have To Find My Peace Cuz
No One Seems To Let Me Be
False Prophets Cry Of Doom
What Are The Possibilities
I Told My Brother
There'll Be Problems,
Times And Tears For Fears,
We Must Live Each Day
Like It's The Last


Go With It
Go With It
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


The World Keeps Changing
Rearranging Minds
And Thoughts
Predictions Fly Of Doom
The Baby Boom
Has Come Of Age
We'll Work It Out


I Told My Brothers
Don't You Ask Me
For No Favors
I'm Conditioned By
The System
Don't You Talk To Me
Don't Scream And Shout


She Pray To God, To Buddha
Then She Sings A
Talmud Song
Confusions Contradict
The Self
Do We Know Right
From Wrong
I Just Want You To
Recognize Me
In The Temple
You Can't Hurt Me
I Found Peace
Within Myself


Go With It
Go With It
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


[Rap Performed By Heavy D]
Jam Jam
Here Comes The Man
Hot Damn
The Big Boy Stands
Movin' Up A Hand
Makin' Funky Tracks
With My Man
Michael Jackson
Smooth Criminal
That's The Man
Mike's So Relaxed
Mingle Mingle Jingle
In The Jungle
Bum Rushed The Door
3 And 4's In A Bundle
Execute The Plan
First I Cooled Like A Fan
Got With Janet
Then With Guy
Now With Michael
Cause It Ain't Hard To...


[Michael]
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
Get On It
It Ain't Too Much Stuff
It Ain't
Don't Stop
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


It Ain't Too Hard For Me
To Jam [9x]
Get On It
Jam
It Ain't
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
It Ain't Too Much Stuff
It Ain't Too Much
It Ain't Too Much For Me To
Jam
Too Much
It Ain't Too Much Stuff
It Ain't
Don't You
It Ain't Too Much For Me To


Get On It
Get On It
Give It Baby
Give It To Me
Come On
You Really Give It Too Me
Got To Give It
You Just Want To Give It

Dose of Stupidity


STOP HATING ON BRINGING "ALL PEOPLE" TOGETHER!!!!

794 days ago
64.

HumanNature    

12 JURORS SAID OTHERWISE


"NOT GUILTY" ON ALL 14 CHARGES BROUGHT AGAINST HIM


I'M WITH THE 12 JURORS

794 days ago
65.

HumanNature    

PEOPLE IN THIS WORLD ALREADY KNOW THE "TRUTH"!!!!!


THAT MICHAEL JACKSON IS THE KING OF "ALL" MUSIC

794 days ago
66.

Luz    

Thank you, Human (the real one). I was about to comment on Dose's malintentioned post. He printed the words of the reprise to the chorus and background. Not the actual words of the song.

794 days ago
67.

Luz    

And if you want to know what kind of crack pots the rabid MJ fans are, look no further, you can google William Wagner on U Tube. Apparently he was talking about getting the pedophile a park in L.A. because he escaped prison time. So maybe we should name a mountain after Casey Anthony and OJ Simpson because they were found not guilty of muder!
-----------------------
Sunflower: To begin, the name is not Wagner. It's Wagener, so I don't know which website you were looking at if you had the wrong name!
To continue: Michael Jackson did not escape prison. He faced his charges in a court of law for 5 months. He faced a grand jury, and he was acquited of all charges. He was declared innocent. And if you think they never declared him innocent, just because you never heard the word "innocent", how does "not guilty" sound to you?
And, stop comparing OJ Simpson and Casey Anthony in all this??!!! Oj walked free because of a mistrial, and Casey Anthony could not be convicted because of lack of evidence. Michael never killed anyone and his name was cleared in a court of law.
Michael Jackson was well known and well liked in the community of Santa Maria.
You don't even know what you are talking about!

794 days ago
68.

Luz    

CITY HALL COUNCIL CHAMBERS
SANTA MARIA, CALIFORNIA
REGULAR MEETING
AUGUST 16, 2005

PUBLIC COMMENT
William Wagener talked about what Michael Jackson had done for the community and
requested the City Council consider naming a City park after Michael Joe Jackson.

794 days ago
69.

Luz    

CITY HALL COUNCIL CHAMBERS
SANTA MARIA, CALIFORNIA
REGULAR MEETING
AUGUST 16, 2005

PUBLIC COMMENT
William Wagener talked about what Michael Jackson had done for the community and
requested the City Council consider naming a City park after Michael Joe Jackson.
--------------------------------------------

CITY HALL COUNCIL CHAMBERS
SANTA MARIA, CALIFORNIA
REGULAR MEETING
JUNE 21, 2005


William Wagener - He requested the City name a park after Michael Joe Jackson in honor of his being found innocent
William Wagener spoke regarding repeated requests for do***ents regarding recommending the City Council file a malicious prosecution lawsuit against District Attorney Tom Sneddon for costing the City and County so much money for the Michael Jackson trial.

794 days ago
70.

Luz    

And say what you want! But I love the Jacksons! They are a role model of inner strengh. After all this family went through with the unexpected passing of their son, and the cir***stances surrounding it, they pulled through and managed to pay almost $500 million dollars in three years! That is a sign of unity and inner strengh in this family. BTW, I'm not taking away from John Branca and the lawyers of the Estate, they are geniuses!

794 days ago
71.

Dose Of Reality    

Luz

Thank you, Human (the real one). I was about to comment on Dose's malintentioned post. He printed the words of the reprise to the chorus and background. Not the actual words of the song.
~~~~~~~~~~~~~~~
When I posted I mentioned that it was a "portion" of the lyrics that I cut & pasted from Duckie's post.
My original post wasn't very inflammatory, that's just where the stuperfans like to take it.

Once again, the written word eludes the rabid fans.


Even with the full set of lyrics posted and reposted, I feel the song lacks substance.


Let's see how you mental midgets misread this post.

794 days ago
72.

Dose Of Reality    

HumanNature

Jam by Michael Jackson


Nation To Nation
All The World
(snooze)

~~~

Is this where you learned your excessive use of repetition and lack of content?

794 days ago
73.

What I Think    

It sure is scary what two nose jobs will do to a person's face.

793 days ago
74.

HumanNature    

Dose of Stupidity


Nation To Nation
All The World
(snooze)

~~~

Is this where you learned your excessive use of repetition and lack of content?


IS THAT'S WHY YOU CLONE, RE-POST THE SAME HATEFUL 'BS" DUE TO YOUR OWN EXCESSIVE USE OF REPETITION AND LACK OF CONTENT?


MJ IS DEAD!!!!


REGURGITATING THE SAME "CRAP" IS NOT GOING TO CHANGE THE OUTCOME WHEN IT HAVE ALREADY BEEN PROVEN THAT MJ WAS FOUND "NOT GUILTY" OF ALL 14 CHARGES BROUGHT AGAINST HIM IN A COURT OF LAW!!!


WHY DON'T YOU GIVE IT A REST AND MOVE ON!!!!


AND STOP BELIEVING THAT NATION TO NATION,
ALL THE WORLD IS DUMBER THAN YOU!!!

793 days ago
75.

HumanNature    

PEOPLE AROUND THE WORLD IS STILL "JAMMING" TO HIS MUSIC!!!!!


THE KING OF "ALL" MUSIC, MICHAEL JACKSON!!!!


THE "TRUTH"!!!!!

793 days ago
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