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Michael Jackson's estate overcomes financial turmoil

When Michael Jackson passed away on June 25, 2009, he left debts exceeding $500 million. A filing from March 2024 detailed how estate executors successfully renegotiated financing arrangements at reduced interest rates, preventing the loss of assets secured by Jackson's valuable music catalogue and properties. This restructuring not only cleared the estate's debts but also solidified MJJ Productions as a significant entity in the music industry.