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COVID pushes Alamo Drafthouse Cinemas into bankruptcy FacebookTwitterEmail Alamo Drafthouse Cinemas Holdings filed for bankruptcy protection Wednesday in Delaware. It has three theaters in San Antonio, including in the Park North Shopping Center at 618 NW Loop 410.File photo Alamo Drafthouse Cinemas, the theater chain launched nearly 25 years ago in Austin, sought bankruptcy protection Wednesday after it was unable to overcome challenges brought on by the pandemic. As part of its Chapter 11 reo...

Alamo Drafthouse files for Chapter 11, announces sale to Altamont Capital, Fortress Investment Brent Lang, provided by FacebookTwitterEmail Alamo Drafthouse Cinema, the Texas-based theater chain that has become a favorite with cinephiles for its dine-in service and fan-forward approach to exhibition, has filed for Chapter 11. The bankruptcy filing comes as part of an asset purchase agreement with Altamont Capital Partners, a previous investor in the company, as well as affiliates of Fortress I...

Staying dark: Alamo Drafthouse filed for Chapter 11 bankruptcy protection, and announced that as part of the proposed agreement its downtown Austin location, the Alamo Ritz, will close permanently. (Photo by John Anderson) A huge blow and a potential for hope for fans of the Alamo Drafthouse this morning: The Austin-based cinema chain filed a voluntary chapter 11 filing with the United States Bankruptcy Court for the District of Delaware, and will be closing multiple locat...

As pandemic shutdowns continue to disrupt the movie exhibition industry, Alamo Drafthouse just announced that it has filed for bankruptcy and Chapter 11 protections in Delaware. The arthouse chain plans to restructure the organization and sell its assets to its senior lender group, which includes Altamont Capital Partners, funds managed by Fortress Investment Group LLC, founder Tim League, and other original investors, according to a statement from the company. The moves are designed to help t...

Alamo Drafthouse Files For Chapter 11 Bankruptcy Protection An Alamo Drafthouse theater Austin-based theater chain Alamo Drafthouse Cinema has voluntarily filed for Chapter 11 bankruptcy protection, one of the first theater groups to do so amid severe financial troubles for the industry in the wake of the coronavirus pandemic. As part of the restructuring, Alamo Drafthouse has entered into an agreement that will involve selling assets to affiliates...

Deadline for victims of church sex abuse to file claims expires Deadline for victims of church sex abuse to file claims expires By Kimberly Curth | March 1, 2021 at 6:51 PM CST - Updated March 1 at 6:51 PM NEW ORLEANS (WVUE) - The deadline to file a sexual abuse claim against the Archdiocese of New Orleans in its federal bankruptcy case expired as of March 1, 2021. The church filed for Chapter 11 reorganization in May of last year. It said it was necessary because of ongoing budget challen...

Skip to main content Currently Reading Heres how CPS is paying $1 billion for the natural gas used during Februarys winter storm FacebookTwitterEmail CPS Energy has a $1 billion bill for natural gas to power plants during the Texas winter storm of 2021.Kin Man Hui, San Antonio Express-News / Staff photographer CPS Energy said it owes $1 billion for natural gas and fees due to the winter storm, as reported by Diego Mendoza-Moyers for the Express-News. The municipal utility owes $800,000 to natur...

| 02 March 2021 Aiming to shore up its finances as it restructures, app-based TV video delivery solutions provider MobiTV and its subsidiaries have voluntarily filed for fiscal relief under chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. After it said was a thorough process of evaluating all strategic alternatives, MobiTV’s board of directors unanimously decided that pursuing a restructuring through a formal chapter 11 process was a nece...

Texas power firm Brazos Electric hit with $2.1 billion bill after freeze, files for bankruptcy Jeremy Hill, Eduard Gismatullin and Rachel Morison, Bloomberg March 1, 2021 FacebookTwitterEmail FILE - This Tuesday, Feb. 16, 2021, file photo shows power lines in Houston.David J. Phillip/Associated Press The largest power generation and transmission cooperative in Texas filed for bankruptcy in the wake of power outages that caused an energy crisis during the winter freeze last month. Brazos Electr...

Pandemic Continues to Bring Increases to Chapter 11 Filings, Q4 Highlights COVID-19 Brings Highest Chapter 11 Index Since Q1 of 2011 February 15, 2021 15:15 ET | Source: Polsinelli Polsinelli Kansas City, Missouri, UNITED STATES NEW YORK, Feb. 15, 2021 (GLOBE NEWSWIRE) -- The continued acceleration in Chapter 11 filings is a clear sign that business owners should prepare for the pandemic’s impact to last longer than was originally plan...