Monday, June 07, 2010

A Little Light

The LA Times: "One of Thomas Kinkade's companies filed for bankruptcy protection Wednesday, a day after a $1-million payment was due to former gallery owners who have tried for four years to collect on a judgment they won against the self-styled 'painter of light.' The Chapter 11 petition was filed in U.S. Bankruptcy Court in San Jose in the name of the Kinkade production arm, Pacific Metro of Morgan Hill, Calif. It allows Pacific Metro to reorganize and puts an automatic stay on the collection of all judgments, including one for $3 million owed to Karen Hazlewood and Jeff Spinello."