LOS ANGELES — Michael Jackson was greater than $500 million in debt in 2009 when he died forward of a deliberate live performance tour, in line with new court docket paperwork.The deep monetary gap the “King of Pop” discovered himself in was detailed in a petition filed Friday by the executors of his property in Los Angeles County Superior Courtroom.“On the time of Michael Jackson’s dying, Michael Jackson’s most vital property have been topic to greater than $500 million of debt and collectors’ claims, with a few of the debt accruing curiosity at extraordinarily excessive rates of interest, and a few debt in default,” the submitting stated.Earlier than he died on June 25, 2009, Jackson was getting ready to launch a live performance tour known as “That is It.”The tour had been deliberate as a colossal 50-show engagement at London’s O2 Enviornment.He died near the eve of the tour, which left his property financially answerable for $40 million to the tour promoter, AEG, the submitting stated.The submitting requests that funds from Jackson’s property be used to reimburse the executors’ attorneys for authorized companies and different bills in 2018.Really useful Jackson was additionally going through pending lawsuits in a number of states and nations when he died, the petition stated. Greater than 65 collectors’ claims had been filed, which prompted extra lawsuits, the submitting stated.The executors, nonetheless, have settled or disposed of a lot of the collectors’ claims and litigation, the submitting stated.Jackson died at his Los Angeles mansion on the age of fifty of acute propofol intoxication. His doctor, Dr. Conrad Murray, was discovered responsible of involuntary manslaughter in 2011 for offering the drug to the pop singer.Jackson’s illustrious profession consists of 13 Grammy Awards, two inductions into the Rock & Roll Corridor of Fame and gross sales upwards of 400 million data.Diana Dasrath is leisure producer and senior reporter for NBC Information masking all platforms.Antonio PlanasAntonio Planas is a breaking information reporter for NBC Information Digital.