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Author Topic: Chapter 11 Bankruptcy Betsie Beadling Expert Film Handler Posts: 178 From: Fairfax, Virginia, USA Registered: Sep 2000 posted 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??? ------------------  |  IP: Logged Darryl Spicer Film God Posts: 3250 From: Lexington, KY, USA Registered: Dec 2000 posted 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.  |  IP: Logged Betsie Beadling Expert Film Handler Posts: 178 From: Fairfax, Virginia, USA Registered: Sep 2000 posted 07-26-2001 08:50 AM                     Whoops about the Spelling Errors UA and Showing Blast these Typos ------------------  |  IP: Logged John Pytlak Film God Posts: 9987 From: Rochester, NY 14650-1922 Registered: Jan 2000 posted 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  |  IP: Logged Charles Everett Phenomenal Film Handler Posts: 1470 From: New Jersey Registered: May 2001 posted 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.  |  IP: Logged

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