David Bergstein's three remaining companies forced into bankruptcy
David Bergstein's woes appear to be continuing. Three remaining companies controlled by the troubled film financier have been forced into bankruptcy, according to the industry trade publication the Hollywood Reporter.
The decision issued by a federal judge on Wednesday means all of the movies owned by independent distributor ThinkFilm, Franchise Film and CoAmerica, which total more than 1,300 titles, will be disposed of or sold, according to the report.
Two other companies controlled by Bergstein were forced into bankruptcy last year.
A group of creditors has been seeking to force all of Bergstein's companies into bankruptcy since last March.
Bergstein could not immediately be reached for comment.
-- Ben Fritz