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The California non-profit organization that actress Debbie Reynolds founded to build a museum for her collection of Hollywood memorabilia – including Judy Garland’s blue dress from “The Wizard of Oz” and the white dress Marilyn Monroe wore over the subway grate in “The Seven-Year Itch” – has filed for Chapter 11 bankruptcy protection, Bankruptcy Beat has learned.
The Hollywood Motion Picture and Television Museum, which owns the artifacts of Hollywood’s Golden Age that Reynolds collected over several decades, sought Chapter 11 protection to halt a lawsuit that its lender filed against it, according to the organization’s bankruptcy lawyer, Peter Susi. In an interview Thursday, Susi told Bankruptcy Beat that there’s a dispute over how much the lender is owed on a $1 million-plus loan. Filing for Chapter 11 protection automatically halts pending lawsuits against a company.
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