The Wall Street Journal reports today that the Hollywood Motion Picture and Television Museum, founded by Debbie Reynolds to exhibit her collection of original Hollywood memorabilia, has sought Chapter 11 protection.
The Original Prop Blog reported on the museum last year (see The Debbie Reynolds Hollywood Motion Picture Museum), which was scheduled to debut in Fall 2008 as part of the Belle Island Village.
In reviewing the official website, HMPC.tv, it appears that the museum complex is still under construction:
The full article about the dispute over a $1 million dollar loan with a lender and the bankruptcy can be found at blogs.wsj.com:
Jacqueline Palank reports that the goal of the filing “is to resolve the litigation and find a home for the collection”.
Per KnoxNews.com (see Firm behind Belle Island files for bankruptcy protection), BIV Retail, LLC filed for Chapter 7 bankruptcy protection in March. This is one of the firms involved in Belle Island Village which includes the Hollywood Motion Picture Museum.
Jason DeBord