Michael Jackson Neverland Creditor’s Claim Update Response
TMZ has obtained a new creditor’s claim filed in the Michael Jackson estate case, in which a lending company is asking for $4,580,000 for services connected with the refinancing of Neverland.
Jon Divens, the lawyer for the creditor, tells TMZ … Michael refinanced Neverland in 2007 and got $45,000,000. The lending company — Genesis Group International — claimed Jackson agreed to pay the Group 10% of the loan amount plus fees, totaling $4,580,000.
Genesis claims it made a demand for payment this year but never got paid.
There’s an interesting history with the guy who owns Genesis — Kevin Kinsey. In 2008, there were reports that Kinsey had falsely represented himself as a representative of MJJ Productions in an effort to secure funding to get the re-fi.
A source connected with the estate tells TMZ … without commenting on the merits of the claim, Genesis missed the deadline for filing a creditor’s claim.
Creditor’s Response:
Genesis Group International stands by the accuracy of timely filing and merits of it’s claim with verifiable signatures of our client and documents which supports our companies official capacity as a participant authority in the negotiations which lead to the placement of funds in the amount of $45,000,000.00 USD being deposit into escrow for the debt restructure of the Neverland Estate.