Just in case you were wondering - how much do Michael
Jackson's kids get for a monthly allowance - it has just been upped from
$60,000!
Judge in the Michael Jackson's estate case just ruled that
way on Wednesday and reason given was that the guardian and lawyers
underestimated the monthly expences. The exact amount to total allowance was
not revealed, but one things is pretty sure - they are going to be well taken
care of!
Meanwhile, there is still quite a bit going on with the
estate and new creditors keep popping up all the time!
And can you believe that an alleged do-gooder has filed a
claim against the estate - on behalf of the City of Los Angeles? This guy -
Jose Freddie Vallejos filed the claim based on it being illegal for the city to
underwrite the Michael Jackson memorial that cost $3.3 million. He claims that
the memorial benefited the estate so the estate should pay.
Another creditor's claim was filed by a woman who says that
she had a very special bond with MJ. The filing is a bit cryptic - Shellie
Doreen Smith claims that she was married to MJ in the 1970's - but she can
remember when. Now - that is almost too funny to go into!
The estate is taking hits from all sides - the newest
creditor to come forward is a company that claims it's owed money for
re-financing the MIJAC catalog. The claim is for $328,299.03 in unpaid fees to
a small investment banking firm from Baltimore - Signal Hill Capital. The
unpaid fees are apparently related to music publishing assets.
So - in total, it looks like the MJ estate now has a grand total of all creditor's claim
exceeding $20 million - and that is no chump change!
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