The Publix Theaters Corporation was found in 1925 by the merger of the Balaban and Katz chain with Famous Players-Lasky Corporation theater chain. By 1930, the company owned 1,210 theaters in the US and Canada when the company changed its name to Paramount Publix Corporation. In early February 1933, Paramount-Publix was placed in equity receivership, under receivers Adolph Zukor and Charles D. Hilles, followed by voluntary bankruptcy in March. On November 21, 1934, the three major security holders committees submitted a plan for Paramount Publix to be combined with Paramount Famous-Players Lasky into a new corporation. A reorganization plan for Paramount Publix, the first large corporation to attempt reorganization under the then new bankruptcy, was approved by Bankruptcy Judge Alfred C. Coxe in April 1935 to end the proceeding.