This is topic Chapter 11 Bankruptcy in forum Film-Yak at Film-Tech Forum ARCHIVE.
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Posted by Betsie Beadling (Member # 591) on 07-26-2001, 08:18 AM:
If Many Movie Theater Chains are Filing Chapter 11 Bankruptcy
Why are Springfield Mall General Cinema
and Ua Theater Fairfax Town Center Still shoing Movies???------------------
Posted by Darryl Spicer (Member # 711) on 07-26-2001, 08:36 AM:
Because Chapter 11 is bankpusy protection. This helps prevent creditors from trying to claim their debt befor they are required too. It protects the companies and allows them to restructure under federal guidelines in order to help recover their business. Theaters can stay open and opperational during this period.
Posted by Betsie Beadling (Member # 591) on 07-26-2001, 08:50 AM:
Whoops about the Spelling Errors
UA and Showing
Blast these Typos------------------
Posted by John Pytlak (Member # 331) on 07-26-2001, 10:27 AM:
Here are links to the actual LAW in the United States:
http://www4.law.cornell.edu/uscode/11/index.html
http://www4.law.cornell.edu/uscode/11/ch11.html ------------------
John P. Pytlak, Senior Technical Specialist
Worldwide Technical Services, Entertainment Imaging
Eastman Kodak Company
Research Labs, Building 69, Room 7419
Rochester, New York, 14650-1922 USA
Tel: 716-477-5325 Cell: 716-781-4036 Fax: 716-722-7243
E-Mail: john.pytlak@kodak.com
Web site: http://www.kodak.com/go/motion
Posted by Charles Everett (Member # 889) on 07-26-2001, 10:59 AM:
Betsie: UA is no longer in Chapter 11 -- its reorganization plan was approved by the bankruptcy court on March 2 of this year.