Bankruptcy Looms in Leibovitz's Viewfinder

Annie Leibovitz pulls down $2 million a year from Vanity Fair to shoot Hollywood A-listers, but a lighting company that claims the shutterbug owes it about $200,000 may force her to file for involuntary bankruptcy. Leibovitz is already underwater—with other lawsuits over real estate and unpaid bills, she borrowed $15.5 million last year against rights to her photos to cover mounting debt.

"We haven't filed anything yet, but we are doing our due diligence," said a lawyer for the lighting company, which originally sought some $400,000. "We're in touch with Annie's people and they are cooperating, so hopefully it won't come to that." (More Annie Leibovitz stories.)