Leibovitz's $24M Deadline Looms Tuesday
Photographer may be forced to file for bankruptcy
By Nick McMaster,  Newser Staff
Posted Sep 6, 2009 1:42 PM CDT
Actress Jessica Biel is portrayed as Pocahontas in an image titled "Where Dreams Run Free," created by photographer Annie Leibovitz.   (AP Photo/Disney Resorts, Annie Leibovitz, File)
camera-icon View 2 more images

(Newser) – Annie Leibovitz's $24 million question looms Tuesday, the AP reports: Will the photographer of the stars be able to repay a $24 million loan or lose the rights to her catalog of iconic photographs. With such a staggering amount due in only a few days, Leibovitz’s best option may be to file for bankruptcy, legal experts say. A bankruptcy filing would suspend the suit filed by creditor Art Capital Group for failing to cooperate with repayment.