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Movie Theater Chain with 4 N.J. Locations Files for Bankruptcy

Submitted by ckanon@abi.org on
A movie theater chain with four locations in New Jersey — and a big entertainment complex planned near Princeton — has filed for bankruptcy, nj.com reported. Frank Theatres, based in Jupiter, Fla., filed for chapter 11 bankruptcy protection under four entities: Frank Entertainment Companies, Frank Theatres Management, Frank Investments and the Rio Mall shopping center in Rio Grande. All filings were based in the U.S. Bankruptcy Court in the Southern District of Florida and made between June and September. According to its website, Frank Theatres operates two cinemas in New Jersey: the Rio Stadium 12 at the Rio Mall in Cape May County, and South Cove Stadium 12 in Bayonne. The company also owns the Rio Mall. Frank Theatres also operates other cinemas in Florida, Georgia, Pennsylvania, Tennessee, North Carolina, South Carolina, Virginia and West Virginia.
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