The photographer to the stars is facing financial ruin for not grasping the concept that if you spend more than you make, you end up in debt. Who knew?
The over-leveraged photographer not only risks losing her photo archives, which The New York Times estimates could be worth 50 million dollars, but also her house in the trendy Greenwich Village district of Manhattan and a second home outside the city.
If she is forced to declare bankruptcy, it will then be up to the courts to decide how to distribute the assets.
