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Vt. filmmaker faces involuntary bankruptcy - WCAX.COM Local Vermont News, Weather and Sports-

Vt. filmmaker faces involuntary bankruptcy

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BURLINGTON, Vt. -

A Vermont storyteller is back in court, this time facing involuntary bankruptcy.

Mac Parker pleaded guilty in April to swindling investors out of millions during the making of his movie, "The Birth of Innocence."

Now, three of his lenders want a federal court to declare the filmmaker bankrupt. A judge granted that petition Tuesday. This means Parker's assets will now be controlled through a trustee.

"If there were not a legal proceeding I would still be committed to doing everything that I possibly can to repay people. And if this is the mechanism through the bankruptcy court that it's going to happen, I'm going to work with the bankruptcy trustee to do everything that I can to maximize the potential value hopefully of the film," Parker said.

Parker's lawyer says some of the filmmaker's backers disagree with the bankruptcy action. They argue it will hurt the value of the film and mean investors will get less of their money back.

A trustee has not yet been named.

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