Annie Leibovitz may face bankruptcy petition

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 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. We”re in touch with Annie’’s people and they are cooperating, so hopefully it won”t come to that,” the New York Post quoted Markovitz, as saying.