Janet Jackson

Michael Jackson has until close of businesses tomorrow (March 14) to come up with $100,000 in penalties and $306,000 in back pay for nearly 50 employees at his Neverland Ranch before state regulators step in and settle the matter in court.

Fox411.com reported that Michael?s sister Janet Jackson and her business advisors visited the family home in Encino, CA last week to discuss a possible bail-out plan for her famous brother. Janet has reportedly shelled out $80,000 in back mortgage payments on the Encino house. She also offered to pay for the funeral of the 54-year-old former Jackson 5 drummer, Johnny Jackson, who was found dead in Chicago earlier this month.

As for Neverland?s back pay, "If they don't comply then we file suit to get a judgment," Dean Fryer, a spokesman for the California Department of Industrial Relations, told AP. "It's pretty clear that they owe this money. We've got all these wage claims. People are telling me they haven't been paid from Dec. 19."

According to Jackson?s rep Raymone K. Bain, the King of Pop spent Thursday on a plane from London to Bahrain, the Persian Gulf nation he has called home since being acquitted of child molestation charges in June. Bain said Jackson found out about the Neverland drama when he touched down in Bahrain late in the day, but the two were unable to discuss it because of the time difference.