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Alamo Drafthouse Files for Bankruptcy, Theater Chain s Fate Remains Uncertain Share Alamo Drafthouse Files for Bankruptcy, Theater Chain s Fate Remains Uncertain Popular movie theater chain Alamo Drafthouse has filed for Chapter 11 Bankruptcy with several locations set to close. The movie business has just suffered another setback. Popular theater chain Alamo Drafthouse has officially filed for bankruptcy. The Chapter 11 filing comes after a difficult year in which most movie theaters around the country were shut down for months, with business only trickling back in once they did reopen. With that, the Texas-based chain had to take drastic measures to survive. Altamont Capital Partners has made a purchase agreement and will buy the company. The bankruptcy filing was part of the agreement. Altamont had been a previous investor in the Drafthouse, which is known for providing dining and unique experiences beyond what a typical movie theater is known for. Fortress Investment Group i

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