Kim Basinger’s bankruptcy proceedings are moving ahead, albeit slowly.
Late last week a bankruptcy court judge postponed further hearings until Sept. 28, canceling an Aug. 11 hearing date on a motion to dismiss the bankruptcy.
During Friday’s hearing, the judge took attorneys for both sides into her chambers and reportedly gave them her preliminary views on the case.
The actress filed for bankruptcy in late May, saying she did not have the financial assets to collateralize an estimated $ 13 million bond.
The bond is related to a judgment by a Los Angeles Superior Court jury that found she breached an agreement to star in Main Line Pictures’ indie film “Boxing Helena.”
At that time, the jury awarded Main Line $ 8.92 million — two months later, Judge Judith C. Chirlin lowered the award to $ 7.4 million, not including $ 713, 522 in attorneys’ fees.
In order to bond that large a sum, Basinger would have to collateralize approximately one and a half times the amount.
Meanwhile, Basinger’s attorneys plan to file a full plan on her bankruptcy in September.
“Helena” producer Carl Mazzocone, meanwhile, is appealing an NC-17 rating on the Main Line film, which was ultimately made starring Sherilyn Fenn in the title role and Julian Sands, and will be distributed by Orion Classics.