KENTWOOD, Mich. – Michigan-based Goodrich Quality Theaters, which operates nine movie theaters in Indiana, has filed for Chapter 11 bankruptcy protection.
Paperwork filed this week shows the theater chain owes nearly $33 million to creditors including Disney, IMAX, Pepsi, Sony and Warner Bros., among others, reports WOOD.
The company plans to keep its theaters open; Chapter 11 would allow the chain to restructure its debts.
Goodrich Quality Theaters has 30 movie theaters in five states, including nine in Indiana.
The company operates the Brownsburg 8 GDX, Hamilton 16 IMAX + GDX in Noblesville, Eastside 10 IMAX in Lafayette, Huntington 7 and Huntington Twin Drive-In, Lafayette 7, Lebanon 7, Portage 16 IMAX + GDX and Wabash Landing 9 in West Lafayette.
Goodrich Quality Theaters is headquartered in Kentwood, Michigan.
