<p>-
- CMX Cinemas files bankruptcy, second time in 5 years for theater chain</p>
<p>Fernando Cervantes Jr., USA TODAY July 3, 2025 at 5:43 PM</p>
<p>For the second time in five years, the owner of CMX Cinemas, Cinemex Holdings USA, has filed for Chapter 11 bankruptcy protection.</p>
<p>The decision was announced by Cinemex Holdings USA in a news release on Tuesday, July 1, with the company saying it would be looking to restructure its business operations.</p>
<p>According to the news release, the company is expected to emerge from bankruptcy in the third quarter of the 2025 fiscal year.</p>
<p>"CMX currently anticipates emerging from Subchapter V during the first part of the third quarter of 2025 and is confident that a comprehensive financial restructuring is in the best interests of CMX, its stakeholders, and business partners overall," the release reads.</p>
<p>The company filed in the U.S. Bankruptcy Court for the Southern District of Florida, court records show.</p>
<p>'Business as usual' at CMX Cinemas locations</p>
<p>With a total of 28 locations across eight states, the dine-in movie theater chain said that it is "business as usual" at all of its locations.</p>
<p>"CMX continues to welcome customers to its cinemas as usual, and this will not change during the Subchapter V proceedings," the release continued. "CMX expects employees will continue to receive their usual wages and benefits without interruption."</p>
<p>CMX Cinemas are located in Alabama, Florida, Georgia, Illinois, Minnesota, North Carolina, Ohio and Virginia.</p>
<p>A CMX Cinemas location in Tallahassee, Florida.CMX Cinemas filed for bankruptcy amid COVID-19 pandemic</p>
<p>This recent filing comes as the owners of CMX Cinemas previously filed for Chapter 11 bankruptcy in April 2020 due to the COVID-19 pandemic. Fortunately, the company was able to successfully emerge from bankruptcy protection in December of that year.</p>
<p>The company's current listed assets are between $50 million and $100 million, with liabilities ranging from $1 million to $10 million, according to bankruptcy court documents.</p>
<p>Contributing: Samantha Neely/ Fort Myers News Press</p>
<p>Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_.</p>
<p>This article originally appeared on USA TODAY: For second time in 5 years, CMX Cinemas files for bankruptcy</p>
Source: AOL Money
Source: AsherMag
Full Article on Source: Astro Blog
#LALifestyle #USCelebrities