RIO GRANDE – Frank Theatres, with four locations in New Jersey, including one in Rio Grande, has filed for bankruptcy, NJ.com reports.
The company, based in Jupiter, Fla., filed for Chapter 11 bankruptcy protection under four entities: Frank Entertainment Companies, Frank Theatres Management, Frank Investments and the Rio Mall shopping center in Rio Grande.
Documents list assets at the Rio Mall, which the company also owns, between $1 and $10 million, with liabilities between $1 and $10 million, the report continued.
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