Annie Leibovitz Portfolio Safe -- For Now

9/11/2009 11:00 AM PDT
Famed photog Annie Leibovitz has managed to stave off losing her entire legendary portfolio -- but there's still the pesky matter of the $24 million she owes.

Leibovitz got so deep into financial debt, she took out the loan last year and put up her homes -- and her entire photo library -- as collateral.

Art Capital Group has agreed to withdraw its lawsuit against Leibovitz for failing to pay back her loan on time. They've agreed to restructure their agreement and push back the due date -- which was last Tuesday.