The Lawyer in Charge of Michael Jackson's Comeback

The transcript discusses Michael Jackson's financial troubles at the time of his death, including significant debt and a planned comeback. John Bronco, Jackson's attorney, played a crucial role in managing the estate and orchestrating a posthumous financial recovery. The estate's value was disputed by the IRS, with a significant discrepancy between the initial valuation and the IRS's assessment. The resolution of Jackson's debt involved selling his stake in Sony ATV, and the IRS argued that the estate's posthumous success was foreseeable.

What was Michael Jackson's financial situation at the time of his death?

• He had just completed a successful tour.

• He had no debts.

• He was near bankruptcy.

• He left a large fortune.

Who was primarily responsible for managing Michael Jackson's estate after his death?

• John Bronco

• Sony Corporation

• The IRS

• Michael Jackson's family

What significant asset did Michael Jackson own that was sold to help pay off his debts?

• His Neverland Ranch

• Half of Sony ATV

• His collection of art

• His music catalog

What was the initial value claimed by the estate for Michael Jackson's worth at the time of his death?

• $2000

• $500 million

• $1.1 billion

• $7 million

What was one of the main reasons for the low valuation of Michael Jackson's estate according to the estate's claim?

• His tarnished reputation

• His recent album release

• His successful music career

• His positive public image