Struggling Movie Rental Business Checks Out Of Chapter 11

Law360, New York (May 02, 2013, 6:20 PM ET) -- Public Media Works Inc., an entertainment production company turned movie rental kiosk business once associated with "L.A. Law" actor Corbin Bernsen, on Wednesday converted its Chapter 11 bankruptcy to a Chapter 7 in California federal court after years of struggling to stay afloat.

In a document hearing, U.S. Bankruptcy Judge Meredith Jury approved the conversion, after the company failed to achieve its stated goals of establishing a long-term capital structure for the business and quickly emerging from Chapter 11. Further details were not disclosed.

The publicly traded...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required