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TOPIC: Opporttunity in Vermont????

Opporttunity in Vermont???? 13 Mar 2008 12:43 #17829

  • rufusjack
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Re: Opporttunity in Vermont???? 14 Mar 2008 19:47 #17830

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Cinema North is a smallish chain with theatres in four states (CT, MA, NY, VT.) Makes you wonder how current they are with their other landlords. Will they pull a Chapter 11 to halt the eviction proceedings?
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Re: Opporttunity in Vermont???? 14 Mar 2008 20:05 #17831

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Chapter 11 really only helps if your longterm goal is to get out of certain leases and to close those locations. This is why many of the big boys filed Chapter 11 in 1999 - 2001 so they could blow off certain of their underperforming lease locations.

If its a location you want to continue to operate, then under Chapter 11 you must reaffirm the lease which generally means catching up on any back rent and providing the landlord with adequate security for continued payment of the lease going forward.

[This message has been edited by muviebuf (edited March 14, 2008).]

[This message has been edited by muviebuf (edited March 14, 2008).]
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