There are few things that would need to happen before Redstone or Holiday Village close.

The company that operates Redstone 8 Cinemas and Holiday Village 4 Cinemas didn’t file for bankruptcy; that company’s parent company did.

“So it's like the grandfather, not the parent, of these theaters has filed bankruptcy,” Parsons Behle & Latimer bankruptcy attorney Tom Beckett told KPCW’s Mountain Money.

Click HERE to listen to the full interview.