> ## Content Index > Fetch the complete content index at: https://bondoro.com/llms.txt > Use this file to discover other available public pages before exploring further. # Filing Alert: iPic Theaters Chapter 11 - URL: https://bondoro.com/ipic-theaters-filing-alert/ - Published: 2026-02-26T17:54:12.000Z - Updated: 2026-02-26T17:54:12.000Z - Description: iPic Theaters Files Chapter 11 in Southern District of Florida - Author: Insights - Tags: Chapter 11 Filing Alerts **Update (Feb. 26, 2026):** A comprehensive [case summary](https://app.bondoro.com/preview/cases/Ipic%5FTheaters%5FLLC/case-summary?ref=bondoro.com) is now available for the Chapter 11 bankruptcy filing of iPic Theaters, LLC. --- iPic Theaters, LLC, a Boca Raton, FL-based operator of 13 dine-in movie theaters, filed for Chapter 11 protection on Feb. 25 in the U.S. Bankruptcy Court for the Southern District of Florida. The debtor, wholly owned by Retirement Systems of Alabama following the 2019 acquisition of its predecessor’s assets, attributes the current filing to persistent declines in the cinema industry. Despite the previous restructuring, the company faced insurmountable headwinds including reduced theatrical release volumes and intensified competition from streaming platforms, preventing box office receipts from recovering to pre-pandemic levels. The debtor experienced a $19.4 million net loss in 2025. Proceeding under Subchapter V, the debtor aims to conduct an orderly liquidation of its assets. The capital structure is notably absent of traditional funded debt; prepetition obligations total approximately $2.6 million, consisting primarily of $2.1 million in accrued employee compensation and benefits, alongside trade debt and tax liabilities. The debtor has no significant secured claims beyond a singular equipment financing statement. iPic Theaters, LLC reports $10 million to $50 million in assets and $1 million to $10 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is [26-12313](https://app.bondoro.com/preview/cases/Ipic%5FTheaters%5FLLC?ref=bondoro.com). --- ### **Top Unsecured Claims** ![Form 204 Top Unsecured Claims](https://bondoro.com/content/images/2026/02/unsecured_claims-42.png) Source: Bondoro, Court filings --- ### **Key Parties** ##### Counsel: - Christopher R. Thompson Burr & Forman LLP Email: crthompson@burr.com ##### Signatories: - Patrick Quinn – Chief Executive Officer ##### Claims Agent: - [Stretto, Inc.](https://cases.stretto.com/iPicTheaters?ref=bondoro.com) --- Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate. Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our [full archive of past summaries](https://bondoro.com/archive/). Explore [Bondoro Insights](https://app.bondoro.com/?ref=bondoro.com) for live case dockets and comprehensive coverage of material filings from petition to plan confirmation. ## ****Join Us for Free** Get timely alerts and detailed summaries of Chapter 11 bankruptcy cases with liabilities exceeding $10 million, delivered straight to your inbox. Subscribe Email sent! Check your inbox to complete your signup. Free. No spam. Unsubscribe anytime.