By Anthony Bartkewicz
Updated July 25, 2009 at 04:23 AM EDT

Attorney John Branca and music executive John McClain, temporary administrators of the late Michael Jackson’s estate, say they have recovered $5.5 million and “substantial amounts” of personal property from one of Jackson’s former financial advisers, the Associated Press reports. Branca and McClain predict that the Jackson’s estate will become solvent, despite debts that may be as high as $400 million, after they complete several deals that they expect will generate “tens of millions of dollars of revenues.” They say the money generated from these deals will be used to pay monthly stipends to Jackson’s three children and his mother, Katherine, who currently has custody of them.