The entire value of the Beatles catalog goes to the lender who is taking it for the non-payment. MJ put it up as collateral, and he has now lost it. Guess that gives Paul the chance to buy the catalog back from the lender.....
A friend of mine foreclosed on her ex for a sum of back alimony for less than $50K. She ended up with a piece of property worth over $1 million, which she also got with the other 2 mortgages. The net worth of the property was way over the $50K, but she kept it, refurbished it, and doesn't have to give him one red cent when or if she sells it. He gambled and lost. He was sure she would NEVER foreclose, and he bragged about that to all who would listen to him.
Jacko should have put it in a corp and sold shares. But alas....he had other interests I suppose.