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‘Angels In The Asylum’: Production Company Behind Simon Pegg Film Files For Administration
The production company that houses 'Angels In The Asylum,' the beleaguered British indie film starring Simon Pegg, has filed for administration.
The administration process is similar to Chapter 11 bankruptcy, but unlike in the U.S., where directors remain in control of the business, Debenhams Ottaway will take charge of AITA Films’ operations and will attempt to restructure the company financially so that it can pay creditors. Sorrenti and Greenwood told colleagues late last month that they are “exploring financing options that will not only meet all existing obligations to all creditors but will also enable us to complete production.” They added: “After deep discussions with our stakeholders, we believe that keeping AITA Films Ltd operational is the best decision, as it maximises our ability to settle all debts.” Inspired by true events, Angels in the Asylum co-stars Katherine Waterston, Minnie Driver, Lesley Nicol, Rose Williams, Aurora Perrineau, and Alex Jennings.
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