Zsa Zsa Gabor Friday filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court , her press agent said.

Gabor’s attorney, Bennett Spiegel, said the actress “needed a breathing spell to reorganize her financial affairs,” according to a statement from press agent Phil Paladino.

Chapter 11 bankruptcy, which can be used by individuals and corporations, provides protection from creditors while a financial reorganization plan can be devised.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0