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The Weinstein Company Owes a Ton of Money, Bankruptcy Docs Show

By TheBlast Staff

The Weinstein Company has officially filed for bankruptcy protection and they estimate their liabilities between $500 million and $1 billion.

TWC filed Monday in Delaware after the scandal of Harvey Weinstein rocked the company and sent it into a financial tailspin.

According to the documents obtained by The Blast, some of the largest creditors owed money by TWC include over $17 million to a law firm in Florida, $14 million to a Chinese production company and $13 million to a marketing firm in New York.

Along with the bankruptcy filing, TWC also announced they entered into an agreement with Lantern Capital Partners to acquire its assets.

Harvey Weinstein has not personally filed for bankruptcy, but with mounting lawsuits against the disgraced producer, there's a good chance he will follow suit.

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