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Bankruptcy

Mar. 20, 2010

Bankruptcy Threat for Film Company

Several creditors with more than $6.7 million in judgments against ThinkFilm, an independent film distributor, have filed a petition to force the company into bankruptcy.

By Jean-Luc Renault

Daily Journal Staff Writer

Several creditors with more than $6.7 million in judgments against ThinkFilm, an independent film distributor, have filed a petition to force the company into bankruptcy. ThinkFilm and other entities headed by film financier David Bergstein are facing at least $10 million in unpaid judgments and a dozen pending lawsuits accusing the companies of skipping out on loan obligations and failing to pa...

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