Michael Jackson's son Bigi seen on rare outing in LA
Entertainment
It was revealed Michael Jackson owed money to more than 65 creditors
(Web Desk) - Bigi Jackson was seen for the first time after it was revealed that his father Michael Jackson was over $500 million in debt at the time of his death in 2009.
The 22-year-old youngest of three children - who is formally known as Blanket - enjoyed a casual outing in Calabasas on Tuesday morning.
Bigi, born via surrogate in 2002, was the baby Michael infamously dangled over a fourth-floor hotel balcony in Berlin to show him off to the fans below.
Now he has grown into a relatively private young man in comparison to his older siblings Prince, 27, and 26-year-old Paris.
He opted for a relaxed look in the form of a black graphic print T-Shirt, black NBA basketball shoes, and matching running shoes.
His long black hair was worn down in a middle part as he showcased a bit of scruff.
Just last week it was revealed that Bigi's dad Michael owed money to more than 65 creditors when he died age 50 from cardiac arrest, according to court documents filed on Friday, June 21, per People.
The documents include a petition from estate executors seeking back pay from 2018, relating to the late singer's now $2 billion estate.
The reimbursement includes 'legal, negotiating and various other operating expenses' over the last six years, according to the outlet.
The new petition comes after executors attorney John Branca asserted that Jackson's estate was burdened with debt and nearly bankrupt at the time of his death in a March court filing.
The Thriller hitmaker had 'more than half a dozen lawsuits pending worldwide' and more than '65 creditors' claims were filed in the Estate spawning additional lawsuits, of which several resulted in litigation,' the petition reads, per the outlet.
'The Executors were able to renegotiate and restructure financing arrangements that existed at the time of Michael's death, at substantially reduced interest rates, enabling the Estate to avoid the loss of any assets to the lenders and ultimately to satisfy the encumbrances that existed at the time of Michael's death,' the petition continues.
As stipulated by the agreement with Michael Jackson's children, Paris, Prince, and Bigi, who are the beneficiaries of his estate, the probate court oversees the estate's financial matters.
