Bosses at Cineworld are mulling whether to put the world’s second-largest cinema chain into bankruptcy.
In an update to shareholders on Monday (August 22) senior leaders at the firm said they were looking at options for restructuring the business, which is struggling under heavy debts.
Directors said one option they are considering is a potential Chapter 11 bankruptcy filing in the US. Chapter 11 is often referred to as reorganisation bankruptcy and does not mean the end for the company.
