Alamo Drafthouse Seeks More Time To Premiere Ch. 11 Plan

Law360 (June 25, 2021, 7:35 p.m. EDT) – Bankrupt movie theater chain Alamo Drafthouse Cinemas on Friday asked a Delaware judge to give it more time to file a Chapter 11 plan following its sale of active last month, seeking to extend the period during which it has the exclusive right to offer a plan.

In its motion, Alamo Drafthouse said its employees and officers had worked hard throughout the first four months of the case to secure post-petition funding, negotiate and close an asset sale, and reject or renegotiate the claims. heavy lease obligations, leaving him little time to prepare a plan for Chapter 11.

“Fulfilling these tasks has …

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