Pearlman bankruptcy nears an end

After six long years, the bankruptcy case of Lou Pearlman may actually pay some money to creditors.  The creator of ‘N Sync and the Backstreet Boys has been serving time in a federal prison for the past five years for a Ponzi scheme while the bankruptcy trustee has worked diligently to recover roughly $35 million from various sources such as asset sales, lawsuits and royalty payments.  It is unclear how much of this money will be paid to creditors at this time.

For more details read, “It Ain’t No Lie: Pearlman Bankruptcy Nearly Over.”