Temporary Administrators Say Jackson Estate is Financially ‘Solvent’

ET has learned that temporary administrators handling the estate of Michael Jackson have recovered millions from the late icon's former financial advisers, and they claim Jackson's estate is financially solvent.

According to court documents filed by attorney John Branca and music executive John McClain, temporary administrators of Jackson's estate, the two say they have recovered $5.5 million in cash and "substantial amounts of tangible personal property" from the King of Pop's former financial advisers.

The administrators also say that Jackson's estate is financially solvent.