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Movie Gallery files Chapter 11 bankruptcyDate: Oct 16, 2007 | Author: By Cindy SpielvogelThe company’s more than $1 billion in debt, which had been a chief source of its financial problems, will be restructured under a proposal that would eliminate $400 million of the debt and reduce future interest expenses. The bankruptcy filing lists the company’s current debt at $1.https://www.videobusinesss.com/article/CA6491552.htmlMovie Gallery: Can't file third-quarter reportDate: Nov 13, 2007 | Author: By Cindy SpielvogelNOV. 13 | It’s no surprise because of the company’s bankruptcy, but Movie Gallery made a filing with the Securities and Exchange Commission saying it is unable to compile its third-quarter financial report on time. The company said that in view of the Oct.https://www.videobusinesss.com/article/CA6500525.htmlMovie Gallery reorganization plan confirmed by CourtAPRIL 10 | The U.S. Bankruptcy Court in Richmond, Va., has confirmed Movie Gallery's reorganization plan. The company expects to emerge from bankruptcy this quarter.https://www.videobusinesss.com/article/CA6550307.html?Landlords file motions against Movie GalleryDate: Oct 23, 2007 | Author: By Cindy SpielvogelShopping center landlord groups have filed motions against the company objecting to the provisions the chain was granted to get out of some of its leases. In papers filed Oct. 19 with the U.S. Bankruptcy Court in Richmond, Va.https://www.videobusinesss.com/article/CA6493789.html?q=&q=IRS withdraws objection to Movie Gallery reorganizationAPRIL 8 | The Internal Revenue Service has withdrawn its objection to Movie Gallery’s reorganization plan, helping to pave the way for the plan to be confirmed April 9.https://www.videobusinesss.com/article/CA6548936.html?Movie Gallery fails to meet credit facilityDate: Jul 2, 2007 | Author: By Cindy Spielvogel, as chief restructuring officer. The firm was retained by Movie Gallery last year to assist with some financial concerns and will now serve in an expanded role to help the company look at strategic and restructuring alternatives.https://www.videobusinesss.com/article/CA6456956.html?q=%2C+Movie Gallery faces $7.5 million objection by IRSDate: Mar 25, 2008 | Author: By Cindy SpielvogelMARCH 25 | Movie Gallery has so far managed to resolve various objections from creditors in regard to its Chapter 11 bankruptcy, but the company has now run into a potentially formidable adversary: the Internal Revenue Service.https://www.videobusinesss.com/article/CA6544682.html?Movie Gallery to file chapter 11, WSJ saysDate: Oct 6, 2007 | Author: by Cindy SpielvogelMovie Gallery’s last official filing with the Securities and Exchange Commission reported that the company is closing 520 stores as part of its attempt to bring itself back to financial health.https://www.videobusinesss.com/article/CA6487871.html?q=Movie Gallery closer to comebackDate: Feb 28, 2008 | Author: By Cindy SpielvogelFEB. 28 | As court proceedings continue largely in its favor, Movie Gallery is moving closer to exiting from Chapter 11 and implementing its reorganization plan without much interference.https://www.videobusinesss.com/article/CA6536631.html?Movie Gallery gets reprieve from lendersDate: Jul 23, 2007 | Author: By Cindy SpielvogelJULY 23 | Movie Gallery signed a forbearance agreement with senior lenders on its first lien credit facility, giving the retailer until Aug. 14 before the lenders can exercise the remedies entitled to them under Movie Gallery’s default.https://www.videobusinesss.com/article/CA6462286.html?q=&q=&q=%2C+
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