THE debts that plunged Michael Jackson’s life into turmoil have been cleared, barely five months after his death.

Music royalties and box-office takings for the film This Is It have brought in almost half-a-billion dollars to the King of Pop’s estate.

The phenomenal flow of cash, which does not include income from Jackson souvenirs and memorabilia, more than covers the estimated £250million he owed. Administrators John Branca and John McClain still face at least six lawsuits, originally filed against the singer but now transferred to his estate.

These include a £180million action by New Jersey based company AllGood Entertainment that claims Jackson reneged on a planned pay-per-view TV reunion concert with his brothers in Texas.

Hollywood director John Landis, who made the singer’s 1983 Thriller video, is also suing for an undisclosed sum over alleged non- payment of his share of the profits.

A spokesman for the administrators said yesterday: “Our attorneys are in negotiations with various parties on a number of unresolved issues. We expect these to be amicably resolved by early in the New Year.”

Even hefty out-of-court settlements and legal fees won’t make much of a dent in Jackson’s posthumous fortune and future earning potential, according to financial experts.

Jackson was already No3 on Forbes Magazine’s annual list of highest- grossing dead celebrities, behind fashion icon Yves St Laurent and composers Rodgers & Hammerstein, before This Is It was released last month. By yesterday, the film had raked in almost $240million worldwide, according to online monitor Box Office Mojo, with eventual income from DVD sales expected to double that. Sales of the spin-off double CD, which has made the top 10 in more than 120 countries, as well as re-releases of Jackson’s classic albums, are “conservatively” expected to top £180million by Christmas, according to Sony Music.

Forbes senior editor Matthew Miller believes the Jackson phenomenon will continue to dominate the magazine’s dead celebrity chart for years to come. His posthumous earnings already dwarf those of Elvis Presley, whose estate made only £34 in the current financial year. Mr Miller said: “In life, Michael sank into uncontroll­able debt, raising enormous loans to pay for other ones he couldn’t afford. He was, basically, a multi-millionaire living a billionaire lifestyle.”

Now, in an ironic twist, financial experts predict Jackson’s estate could be as much as a billion dollars in profit by the end of next year, with plans to launch as many as six new CDs.

The cash bonanza removes any financial uncertainty there may have been over the future of the singer’s three children, Prince Michael, 12, Paris, 11, and seven-year-old Prince Michael II.

Mr Miller said: “If they chose, none of them would have to work a single day in their lives.” (Source: MichaelJackson.com)

The father of a boy who accused Michael Jackson of molesting him 15 years ago was found dead of an apparent suicide, Jersey City Police confirmed to PIX News.

According to authorities, the body of Evan Chandler was discovered in his Jersey City residence at about 5:35 p.m. on Nov. 5 after he went missing.

Chandler, who was being treated for an unknown illness, missed an appointment with his doctor which prompted concern, Jersey City spokesperson Stan Eason said.

After several failed attempts to get in touch with his patient, the doctor, who was not immediately identified, called the building’s concierge to check on Chandler.

The concierge later discovered the victim’s lifeless body inside the apartment at the Liberty Towers located on Hudson Street, Eason said.

Police say Chandler suffered a self inflicted gun shot wound to the head. Authorities are treating the case as a suicide.

It was back in 1994, when Chander’s then-12-year-old son Jordy Chandler accused Jackson of molesting him on several occasions between 1991 and 1994. The father and son went after the King of Pop in court and later settled the case for a reported $20 million.

In 2006, Jordan Chandler filed a request for a restraining order against his father after he allegedly struck Jordan over the head from behind with a twelve and a half pound weight.

In the wake of Jackson’s untimely death in June 2009, an internet rumor surfaced that claimed Jordan Chandler confessed to lying to police about being molested by Jackson. Jordan was coached by his father to tell the outlandish story in a scheme to get millions, the report claimed. An investigation later determined no such confession took place. (Source: Fox News)

"You've been hearing about it for months, since the days just after his death: the rehearsal footage of Michael Jackson as he geared up for his epic comebacks concerts in London. On Tuesday (in select markets) and Wednesday, finally, the recordings will be unleashed as the documentary "Michael Jackson's This Is It." Hours before then, the red-carpet premiere kicks off in Los Angeles and MTV News will be broadcasting live in front of the Nokia Theatre as the action unfolds.

Airing on Tuesday at 8:30 p.m. ET, MTV's special will showcase inside stories you've never heard before about MJ and his planned concerts. We sat down for in-depth interviews with dancers, band members, the choreographer Travis Payne and the director Kenny Ortega — all those people who knew Jackson so well during his final days and who were helping him put the entire production together. It's all part of the untold story of how the "This Is It" concert series came to be, how Jackson planned to make them his best shows ever, and what it was like working with the King of Pop on what became his final project.

One segment called "The King of Pop: Royally High Expectations" details how MJ's aspirations to make this the greatest concert ever meant that everybody worked around the clock to ensure his high standards were upheld. Musicians, dancers and Ortega tell stories about Michael being such a perfectionist that he'd notice even a few missing notes in a song.

Another segment shows the "This Is It" crew dishing the secrets they unearthed while working with the legendary pop star -- from the reasons he wore those iconic white socks to the power behind his cologne. And the special also takes a look at MJ's last 24 hours, as those who worked with him talk about Michael's last rehearsal.

Anchoring all the proceedings from the carpet will be Sway and Tim Kash. They'll be greeting stars as they arrive and getting their personal stories about meeting, working with or admiring Michael Jackson. And it all begins on Tuesday at 8:30 p.m." (Source: MTV)