In a previous post we wrote about images and copyrights from what was apparently Marilyn Monroe’s first photo shoot. The images were being sold as part of a bankruptcy case involving the man who took the photos, Joseph Jasgur.
The images and copyrights were sold this past weekend for $352,000 at a Beverly Hills auction titled “Icons & Idols.” The negatives and images sold included photos of the star on the street, as well as on the beach. They were in both color and black and white. According to the release signed by the star, they were taken in March 1946 when she was still known as Norma Jeane Dougherty.
In certain types of consumer bankruptcy, the assets of the individual who has filed must be sold to pay back creditors. This occurs in a Chapter 7 bankruptcy, also known as liquidation. There are benefits to seeking protection under this chapter as not all assets need to be sold. In some cases it is possible to keep one’s home while paying back certain debts.
In today’s economy many people are facing problems with their finances. Bankruptcy may provide the relief sought. Because dealing with financial difficulties is a stressful matter, it is important to work with a bankruptcy attorney who is aware of all the potential avenues for relief. An attorney with experience in this area should be able to provide the necessary guidance to make sure the financial decisions being made are the best ones for the given circumstances.
Source: chron.com, “Early Monroe photos sell for over $300K at auction,” Dec. 5, 2011