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Fifth Circuit Chapter 11 Debtors Must Pay According to Contract

Ultra Petroleum entitled to payment of contractually mandated Make-Whole Amount and default rate of interest. Creditors in Fifth Circuit over years and now appears reached a successful end with October 14, 2022 decision of Fifth Circuit in In re: Ultra Petroleum Corporation. ....

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COVID pushes Alamo Drafthouse Cinemas into bankruptcy


COVID pushes Alamo Drafthouse Cinemas into bankruptcy
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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 reorganization filing, Alamo Drafthouse is proposing to sell its assets under the supervision of the U.S. Bankruptcy Court in Delaware.
Alamo Drafthouse said in a statement it expects no disruption in operations, save for three theaters it’s pemanently closing. Those include its New Braunfels theater, which has been closed since the beginning of the pandemic, and the Alamo Drafthouse Ritz in Austin. ....

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