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-LMA-'s link Wrote:It is very much possible that Michael or his family have used their money to bribe
Last time I checked Michael Jackson was still very much 350-mil in the hole... unless you can bribe kids with negative money.
/sarcasm
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Michael Jackson is in huge debt. The thing is his estate is still worth more than his debt and theres all the assets, his own artistic rights as well as the Beatles. So theres plenty to pay off the debts and still end up quite rich.
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Ranma Wrote:Michael Jackson is in huge debt. The thing is his estate is still worth more than his debt and theres all the assets, his own artistic rights as well as the Beatles. So theres plenty to pay off the debts and still end up quite rich.
that and he had to refund hundreds of millions in sold out concerts...
/sarcasm
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His assets are valued at over one billion dollars. The lions share of that estimate goes to his purchasing the rights of several well known artists most notably the beatles. As for his debt, it is near the 500 million mark. The debtors have given notice that the owners of the estate will have 60 days to make good on his debt.
It's going to be a huge legal brawl because Paul McCartney avidly wants the Beatles collection back. Meanwhile creditors want to be paid and family members are starting to fight over the estate. For instance his mother with filing to be the legal executor of the estate in a claim that there is no will yet apparently lawyers claim there is a will but will not discuss it.
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Ranma Wrote:His assets are valued at over one billion dollars. The lions share of that estimate goes to his purchasing the rights of several well known artists most notably the beatles. As for his debt, it is near the 500 million mark. The debtors have given notice that the owners of the estate will have 60 days to make good on his debt.
It's going to be a huge legal brawl because Paul McCartney avidly wants the Beatles collection back. Meanwhile creditors want to be paid and family members are starting to fight over the estate. For instance his mother with filing to be the legal executor of the estate in a claim that there is no will yet apparently lawyers claim there is a will but will not discuss it.
this is correct they will be 100-150mil left after total liquidation not including markup for the sony collection.
Thanks.
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I don't know what you guys are talking about.
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Welcome to the previous page.
OmegaZero_Alpha Wrote:Ferrah had one last wish when she got to heaven and just said "I just want the children to be safe"
Sure enough a few days later...
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Drunken_F00l Wrote:Welcome to the previous page.
'Twas a bit like déjà vu...
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I watched Space Chimps last night and the first thing I thought of was "Damn that monkey looks like Michael Jackson" AMIRITE?!
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N0body Wrote:Crazy thing was his last request....he wanted to go to a children's hospital.
ROFL :lol: Personally I'm glad he's dead and I'm sick of people using variations of his name.POS pedophile :!:
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Some people are only alive because its illegal to shoot them...