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Article: Movie Gallery Emerges From Chapter 11.
- Article from:
- PR Newswire
- Article date:
- May 20, 2008
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DOTHAN, Ala., May 20 /PRNewswire/ -- Movie Gallery, Inc. ("Movie Gallery") today announced that it has successfully emerged from Chapter 11 bankruptcy protection. The Company officially concluded its Chapter 11 restructuring after meeting all statutory requirements for its Second Amended Plan of Reorganization (the "Plan"). Movie Gallery's Plan was confirmed by the United States Bankruptcy Court for the Eastern District of Virginia, Richmond Division (the "Bankruptcy Court") on April 9, 2008. Today Movie Gallery also closed its $100 million exit financing facility.
"This is a great day for Movie Gallery and all of our customers, employees and business ...