James Brown estate was saddled by debt
COLUMBIA, S.C. (AP) - October 30, 2011 But a complex settlement in 2009 took management of Brown's assets from its trustees and turned it over to a professional money manager. The professional cut deals that put the Godfather of Soul's music on national and international commercials, making enough money to wipe out the crushing debt and open the way to thousands of college scholarships for needy students. The settlement might be in jeopardy, though. The South Carolina Supreme Court hears arguments Tuesday from two former trustees, who want the whole thing thrown out.
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