Annie Leibovitz may face bankruptcy petition.Byline: ANI New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , May 25 (ANI): Acclaimed photographer Annie Leibovitz might be earning a lot of money from Vanity Fair and corporate work, but she is still being threatened with involuntary bankruptcy involuntary bankruptcy Bankruptcy that is forced by creditors instead of being initiated by the firm or individual. Compare voluntary bankruptcy. See also Chapter 7, Chapter 11. after not settling an overdue debt with a lighting company. Leibovitz was sued by B2Pro Lighting company, which claimed she owed the company 392,036 dollars for rental services, damaged equipment and failure to deliver enough business to justify the discount rates she was receiving. According to a source, though a judge dismissed a portion of the suit last month, the company still claims to be owed 189,170 dollars. B2Pro lawyer Scott Markovitz revealed that the company is considering filing an involuntary bankruptcy petition against Leibovitz, if she fails to clear the overdue payment. "We haven't filed anything yet, but we are doing our due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . We're in touch with Annie's people and they are cooperating, so hopefully it won't come to that," the New York Post The New York Post is the 13th-oldest newspaper published in the United States and the oldest to have been published continually as a daily.[3] Since 1976, it has been owned by Australian-born billionaire Rupert Murdoch's News Corporation and is one of the 10 quoted Markovitz, as saying. (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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