Entertainment & Sports
Feb. 12, 2011
Producer Went Bust in Dramatic Fashion
The first stage of involuntary bankruptcy proceedings against financier David Bergstein's five film companies wrapped this week, after a turn of events rarely seen in bankruptcy court.
Daily Journal Staff Writer
If the academy gave an award for most dramatic plot in a bankruptcy case, the court battle between five of financier David Bergstein's film companies and their creditors would get the Oscar.
The first stage of those proceedings were a wrap this week after a federal bankruptcy judge made the rare move of forcing the final three of Bergstein's companies into Chapter 11 bankruptcy without hol...
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