DEAL

Annie Leibovitz Ducks Bankruptcy

Annie Leibovitz has been saved from her debts—at least for now. The famed photographer—who was drowning in a $24 million loan she couldn’t pay off without selling her catalogue and homes—was granted a loan extension Friday. The deadline for the loans with Art Capital, the lending agency, was originally set for Tuesday, but that came and went without news. It’s unclear how long the new reprieve is for, but Art Capital has also dropped its lawsuit against Leibovitz, which claimed she owed the company hundreds of thousands of dollars in overdue fees.