Michael Jackson's Estate Owes 328,299 Dollars

Celebrity

The King of Pop's estate has been hit by new problem as a creditor claims the land owes over 328,299 dollars in unpaid fees to Signal Hill Capital.

January 6, 2010

AceShowbiz - Michael Jackson's estate has been hit by yet another creditor's claim - from an investment banking firm that handled the late pop legend's finances. According to the latest creditor's claim, filed in Los Angeles Superior Court, Jackson's estate owes over $328,299 in unpaid fees to Signal Hill Capital, a small investment banking firm based in Baltimore, Maryland.

Attorneys for the company claim the amount is owed for "financial services related to music publishing assets". According to TMZ.com, creditors' claims against the "Thriller" hitmaker's estate have exceeded $20 million.

Editors' Pick

Other creditors include Jackson's spiritual advisor Revd. June Juliet Gatlin, his former skin doctor Arnold Klein, choreographer LaVelle Smith Jr. and the pop superstar's one-time manager and adviser Dr. Tohme Tohme. Jackson's sister, Janet Jackson, and brothers Jackie Jackson, Tito Jackson, Jermaine Jackson, Marlon Jackson and Randy Jackson also reportedly have an ongoing royalties claim and have been listed as potential creditors.

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