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Michael Jackson's Brother Wants Estate To Pay

Posted Jan 21st 2010 7:00PM by TMZ Staff

Michael Jackson's brother, Randy Jackson, is in the middle of a creditor's claim filed against the estate and according to legal docs ... Randy is on the side of the creditor.

Stabler & Associates, a company that claims it was hired to handle Michael Jackson's business matters -- in particular, a humongous Bank of America loan and the funding of his 2004 child molestation trial -- claims the estate owes the company $275,446.08.

Here's the problem. The statute of limitations has run on the debt. But Perry Wander, lawyer for Stabler & Associates, tells TMZ the company relied on Michael and Randy's repeated promises that the debt would be paid, so the estate should not be able to raise the technical, statute of limitations defense.

Howard Weitzman, lawyer for Michael Jackson's estate, is unmoved, telling TMZ, "The claim needs to be investigated and it appears to be barred by the statute of limitations."

And this is interesting ... included in the $275,446.08 -- a late penalty of $81,946.08.

And you thought credit card interest was high.


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Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Awareness + Awakening = Higher Consciousness

*

Jude

Quote from: "looking4truth"
Michael Jackson's Brother Wants Estate To Pay

Posted Jan 21st 2010 7:00PM by TMZ Staff

Michael Jackson's brother, Randy Jackson, is in the middle of a creditor's claim filed against the estate and according to legal docs ... Randy is on the side of the creditor.

Stabler & Associates, a company that claims it was hired to handle Michael Jackson's business matters -- in particular, a humongous Bank of America loan and the funding of his 2004 child molestation trial -- claims the estate owes the company $275,446.08.

Here's the problem. The statute of limitations has run on the debt. But Perry Wander, lawyer for Stabler & Associates, tells TMZ the company relied on Michael and Randy's repeated promises that the debt would be paid, so the estate should not be able to raise the technical, statute of limitations defense.

Howard Weitzman, lawyer for Michael Jackson's estate, is unmoved, telling TMZ, "The claim needs to be investigated and it appears to be barred by the statute of limitations."

And this is interesting ... included in the $275,446.08 -- a late penalty of $81,946.08.

And you thought credit card interest was high.


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Why was he so bad at paying his bills, he had enough money
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Get it togetha\', or leave it alone!

I would think someone of MJ's fame and fortune would have had someone on staff responsible for paying all the bills.....Oh yeah, he did....Tohme Tohme!   :shock:   So, I have to ask...if this man was responsible for Michael's finances, wrote the checks, cut the deals, etc., why did Michael supposidly still owe this kind of money??!.   :?
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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*

jill

This could be bad for Randy if the estate does not pay.  Since he gave his reassurance that the bill would be paid they may come after him for the money.  He shouldn't have to pay anything since it was for  Michael's defense in the case.  What a mess!  I wonder why they didn't make the claim before the statute of limitations ran out.  That was stupid on the attorneys' part.
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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I see TMZ is trying rattling somebody cage again this is just a story to get a reaction from the family if MJ and Randy owned that kind of money they would have sued them years ago :lol:
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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I don't trust TMZ.
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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EndlesslovetoMJ

*

Jennie

I am not buying it. Layer's are really intellingent people and I am sure if Michael did still owe them this kind of money they knew to drag him to court before the statute of limitation ran out. :roll:  What's next! :shock:
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Quote
$275,446.08 -- a late penalty of $81,946.08.

so..
2+7+5+4+4+6+0+8 = 36

36 - 8-1-9-4-6-0-8 = 0


Zero.. that's about how much they'll get.  :D
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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"They're coming to a rock and roll concert and watching television. That says it all." - Larry Mullen jr on the ZooTV experience.

Quote from: "Melzy777"
Quote
$275,446.08 -- a late penalty of $81,946.08.

so..
2+7+5+4+4+6+0+8 = 36

36 - 8-1-9-4-6-0-8 = 0


Zero.. that's about how much they'll get.  :D

 :lol:  smart count !
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*

Disco

At the time of Michael's court case Randy Jackson & Karen Faye set up a website for fans, Fans had to pay a fee to join, Michael was unaware of this as he was too busy with the court case, When Michael did find out about it he shut the website down & KF was sacked, Michael did not want anyone taking money from his fans, to date the fans received no refund. Wonder will they refund the fans if the estate pay out  :lol:
This so called debt was not just to do with the courtcase.........
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Its All For L.O.V.E

MJLover1990

  • Guest
Quote from: "scorpionchik"
I don't trust TMZ.

I don't trust them anymore, I was reading recently that all the people who work for TMZ are Lawyers... We know Harvey is a lawyer but the rest of them are too apparently. The thing is that TMZ is the MEDIA and since the Illuminati OWNS the media why the hell do we still all believe this? It's ridiculious how many creditor claims there are against Michael's estate it's absurd that is the only news they have lately, I don't believe TMZ anymore since it's news and I don't believe all that anymore I won't believe this neither. I see all of that with different eyes now.

Sorry for going so off topic.
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Quote from: "Disco"
At the time of Michael's court case Randy Jackson & Karen Faye set up a website for fans, Fans had to pay a fee to join, Michael was unaware of this as he was too busy with the court case, When Michael did find out about it he shut the website down & KF was sacked, Michael did not want anyone taking money from his fans, to date the fans received no refund. Wonder will they refund the fans if the estate pay out  :lol:
This so called debt was not just to do with the courtcase.........

No real fan care about that for one second.. all that matters is that Michael did well in court.. and he did know about the site, he did videos that was on there, and photos as well.. it was Randys project though, and I think he is responsible for shutting down the site
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*

Disco

Quote from: "MJJ777"
Quote from: "Disco"
At the time of Michael's court case Randy Jackson & Karen Faye set up a website for fans, Fans had to pay a fee to join, Michael was unaware of this as he was too busy with the court case, When Michael did find out about it he shut the website down & KF was sacked, Michael did not want anyone taking money from his fans, to date the fans received no refund. Wonder will they refund the fans if the estate pay out  :lol:
This so called debt was not just to do with the courtcase.........

No real fan care about that for one second.. all that matters is that Michael did well in court.. and he did know about the site, he did videos that was on there, and photos as well.. it was Randys project though, and I think he is responsible for shutting down the site


Actually real Fans did care about this, Real fans paid the money!
Why would Randy shut down the site?????
Yeah Michael knew about the site & that is why he closed it down
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Its All For L.O.V.E

*

Disco

@MJ777 Have a read of this
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Michael has been let down so much by family & friends...........
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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Its All For L.O.V.E

Quote from: "Melzy777"
Quote
$275,446.08 -- a late penalty of $81,946.08.

so..
2+7+5+4+4+6+0+8 = 36

36 - 8-1-9-4-6-0-8 = 0


Zero.. that's about how much they'll get.  :D

Brilliant, Melzy!  :lol:

And look at that:
Posted Jan 21st 2010 7:00PM by TMZ Staff = 1+2+1+2+1 = 7  Date  7 Hour

It´s screaming HOAX, my friends!  ;)
Last Edit: December 31, 1969, 06:00:00 PM by Guest
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