MICHAEL’S MONEY WOES
Can it possibly be true that a California bail bondsman is on the lookout for elusive pop-starMichael Jackson who has been living in both Vegas and Virginia yet recently turned up in Hollywood last weekend. While Michael is busy personally denying those reports that have him joining a re-united Jackson Five family tour, he’s sure got some economic headaches—and they pile up in an alarming size. My Fox News pal, Roger Freidman says that bondsman Richard Hopp has filed a Notice of Default in Santa Barbara County against the star in order to find out the exact status of the $23 million lien on Neverland Ranch. In addition Jackson’s lawyer, Thomas Mundell just went to LA Superior Court to ask Judge Joseph Biderman to delay Michael having to pay $3.8 million. Michael’s attorney pleaded to the court: “It was clearly understood by the parties that Mr. Jackson did not have the cash available to make the settlement payment at the time the settlement agreement was signed…Mr. Jackson was undertaking to refinance certain assets, including his Neverland ranch, to obtain the money…the settlement payment would be made from such borrowed funds…Mr. Jackson reasonably anticipated that the refinancing would close by November 15, 2007…. due to circumstances completely beyond Mr. Jackson’s control, that has not happened yet, although the closing of one refinance transaction appears imminent…as a result, it was impossible for Mr. Jackson to meet the November 15 deadline…the balance of hardships and the principle of avoiding unnecessary harm and forfeitures in Mr. Jackson’s favor at this point…”Now we wait on the judge’s response and the bail bondsman’s actions! Sad it has all come to this!