Millions recovered from Jackson advisors

Court files show Michael Jackson’s estate is solvent after temporary administrators recovered at least $5.5m in cash and substantial amounts of the singer’s property from former advisors.

The details were disclosed in a filing requesting an allowance for 50-year-old Jackson’s three children and mother after the singer’s death on June 25.

Lawyer John Branca and music executive John McClain are serving as temporary administrators as spelled out in the King of Pop’s will.

They say in court filings that they have recovered the assets and that their analysis has found Jackson’s estate is financially solvent.

The filings are redacted and do not indicate how much money the administrators are seeking per month for Jackson’s children and mother.

Deals are in the works, the court filings state, and Mr Branca and Mr McClain expect them to generate “tens of millions of dollars of revenues”.

The filings state Mr Branca and Mr McClain plan to submit those deals for court approval in the next week.