Report: Michael Jackson Estate Owes Millions, Creditors Claim
Truth rating: 10
2:02 am, January 3rd, 2010
Creditors claim Michael Jackson‘s estate may owe them more than $20 million, according to sources.
TMZ is reporting that the total includes a $5 million claim from a memorabilia collector and a $1 million claim involving the music video for Jackson’s hit “Thriller.”
Close Jackson confidante and advisor Dr. Tohme Tohme is said to have placed a large claim, as have several law firms.
According to the site, some of the claims “are patently bogus” and will not be paid by the estate’s lawyers unless a judge orders otherwise. Even so, the late King of Pop’s finances may not be resolved for a very long time.
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