Current posture
IPIC Theaters is in the post-confirmation administration phase of a consensual Subchapter V liquidation: the court entered findings and conclusions confirming the debtor's plan under § 1191(a) Dkt. 254 on August 10, 2026, with the plan funded by net asset-sale proceeds and the estate’s final report due October 9. The remaining work is principally claims reconciliation, distributions, and implementation; a September 2 hearing is scheduled on the debtor’s objection to McCune Electrical Services LLC’s Claim No. 51. Notice of claim-objection hearing Dkt. 249 The dine-in theater operator commenced this case under Subchapter V on February 25, 2026. Voluntary petition Dkt. 1 Its financial advisor attributed the filing to a slow post-pandemic recovery, reduced theatrical releases, and competition from streaming, reporting a 2025 net loss of about $19.4 million on $112.5 million of gross income. First-day declaration Dkt. 18 The debtor initially sought to preserve operations and employee, tax, supplier, insurance, customer-program, and cash-management arrangements while it addressed its liquidity and operating pressures. First-day declaration Dkt. 18 The case ultimately moved to a sale-and-liquidation path. Substantially all assets were auctioned on…
Updated Aug 15, 2026
Sep 2, 2026
Claims & Administration · 1:30 PM ET · Hon. Erik P. Kimball · Room 801 Courtroom B
Certificate of Service (Supplemental) Filed by Noticing / Claims Agent Stretto (Re: [222] Motion to Sell Free and Clear of Liens (California Liquor License). filed by Debtor IPIC Theaters, LLC). (Stretto (CRJohnson))
Docket 261 · Aug 20, 2026
Order Authorizing the Debtor to Sell Property Pursuant to 11 U.S.C. Sec 363 (Re: # [222]) (Eisenberg, Randy)
Docket 260 · Aug 18, 2026
Response to ([226] Omnibus Objection to Claim of Janelle Carney - Attorney at Law, APC [# Claim No. 32], Levi Riding [# Claim No. 33], Luis Felipe Leon Ventura {# Claim No. 35], Nikola Scuric as Class Rep [# Claim No. 34], Nikola Scuric as PAGA [# filed by Debtor IPIC Theaters, LLC) Filed by Creditors Luis Felipe Leon Ventura, Nikola Scuric as Class Representative, Levi Riding, Janelle Carney Attorney at Law PAC, Nikola Scuric, Nikola Scuric as PAGA (Krehl, Jessey)
Docket 259 · Aug 17, 2026
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