The collections of Britain's Wedgwood Museum, a repository of artifacts chronicling the pottery firm's 250-year history, is in jeopardy.

Opened in 2008, the museum was hard hit by the economic downturn, went into administration last year with £400m in debts and a hole in its pension fund. American private equity firm KPS Capital Partners bought the viable parts of the company.

The question now is whether the museum's collections will be held in trust, or if they are the property of creditors.