Saturday, September 8, 2007

From the one way to avoid the cancellation penalty department:

The St. Petersburg Times reports that jailed music mogul Lou Pearlman will be getting his deposit back - at least indirectly - from Cunard Line for a canceled cruise he won't be going on with nine friends.

Pearlman has filed bankruptcy and is being held on federal bank fraud charges, pending his trial now set to start in March, so he won't be available to go on the Queen Mary 2 Thanksgiving cruise to the Caribbean.

A federal bankruptcy judge ordered Cunard to return the $22,467 Pearlman paid the line so it can go into the assets to be distributed to creditors. Already in that pot are the $7.1 million from the sale of his home and $280,000 from the sale of furnishings and memorabilia.

Note: Link is valid at time of posting.