Monday, July 16, 2012

Michael Jackson's estate clearing late singer's debts

King of Pop Michael Jackson's estate are on the course to pay off the late singer's USD 500 million debt by the end of the year. Jackson's finances were a mess when he died in 2009 and administrators have been working to make amends for his excessive spending by generating funds for his three children's inheritance by striking various publishing and licensing deals. Reportedly, Executors for the estate filed legal documents which show the estate has generated gross earnings exceeding USD 475

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