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"The executors in the&lt;strong&gt; Michael Jackson Estate&lt;/strong&gt; have just filed legal docs explaining how they turned chaos and financial ruin into a booming, postmortem business.&lt;br /&gt;&lt;br /&gt;&lt;a target=\"_blank\" href=\"http://tmz.vo.llnwd.net/o28/newsdesk/tmz_documents/0923_michael.pdf\"&gt;&lt;img alt=\"0923_michael_doc_launch_EX\" src=\"http://ll-media.tmz.com/2010/09/23/0923-michael-doc-launch-ex.jpg\" /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;According to the docs, obtained by TMZ, Jackson owed 10's of millions of bucks at the time he died.&amp;#160; We've previously reported how the Jackson family was about to lose their home in Encino and Jackson was on the brink of going belly up.&lt;br /&gt;&lt;br /&gt;Executors &lt;strong&gt;John Branca &lt;/strong&gt;and &lt;strong&gt;John McClain&lt;/strong&gt; turned things around in a big way, for two primary reasons.&amp;#160; First, they restructured all of his debts and got creditors to significantly lower killer interest rates.&lt;br /&gt;&lt;br /&gt;Secondly, the executors went full bore to generate revenue -- and the brass ring was the movie, \"This Is It.\"&amp;#160; According to the docs, the flick grossed $260,000,000, the most lucrative documentary in history.&lt;br /&gt;&lt;br /&gt;As for the album, \"This Is It,\" it sold 5 million copies, making it the 3rd biggest album in 2009.&lt;br /&gt;&lt;br /&gt;As for other deals, the executors:&lt;br /&gt;&lt;br /&gt;- Republished the \"Moonwalk\" book&lt;br /&gt;- Made mega-merchandising agreements for all things Jacko&lt;br /&gt;- Distributed a leather-bound, coffee table book on the life of MJ&lt;br /&gt;- Renegotiated MJ's royalty agreements with record label&lt;br /&gt;&lt;br /&gt;But there were lots of legal fees that were incurred to make the estate money -- more than $3.8 million since Jacko's death.&lt;br /&gt;&lt;br /&gt;The estate also notes what we've already reported -- that they paid off the Jackson family home in Encino, bought &lt;strong&gt;Katherine Jackson&lt;/strong&gt; a car and did lots of other stuff for the family.&lt;br /&gt;&lt;br /&gt;&lt;!-- relatedlinks --&gt;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.tmz.com/2010/09/23/michael-jackson-estate-executors-business-turn-around/>