MJ’s Estate Will Pull Michel Jackson Out Of Debt

MJ’s Estate Will Pull Jackson Out Of Debt

Even though Michael Jackson died with a reported $400 million in debt, the late King of Pop’s debts are expected to be completely cleared with the $$$$ in his estate, according to court documents.

The co-executors of Jackson’s estate, MJ’s former attorney John Branca and music exec John McClain, have even said they are in the process of wrapping up a few deals that will “generate tens of millions of dollars of revenues” for the estate.

Branca and McClain have set the wheels in motion for allowances to be distributed to Jackson’s children Paris, Prince Michael and Blanket, as well as his mother Katherine, but a Los Angeles judge has decided to wait until the guardianship hearing (Aug. 3rd) to consider the allowances.