The Movie Gallery store in Rockland will close, although the date of the closure is uncertain.

The 47 Maverick St. location has been occupied by a video store for more than 20 years. The Movie Gallery is holding a sale of much of its inventory and said it hopes to continue to get new releases for rentals until the closure.

The property has been owned by Priority Group LLC of Topsham since 2000. The 6,600-square-foot building was constructed in 1986.

Movie Gallery Inc. filed a voluntary petition on Feb. 2 for reorganization under federal bankruptcy laws. The announcement was made along with the announcement of closures of about 760 Movie Gallery, Hollywood Vide and Game Crazy stores across the United States, according to Movie Gallery Inc.’s Web site.

In that announcement the store on Elm Street in Camden was also listed as one to close.

This is the second bankruptcy filing for the company. In April 2008, Movie Gallery announced that it was “poised to emerge as a competitive and financially stable company.”

Movie Gallery closes Camden store

Among the 760 Movie Gallery, Hollywood Video and Game Crazy stores closed in a company wide restructuring was the Camden store. Almost a third of the company’s stores were part of the downsizing.

“Movie Gallery Inc. filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code,” according to a Feb. 2 press release. “This action will enable Movie Gallery to restructure its debt while continuing to operate its business.”

Based in Wilsonville, Ore., Movie Gallery is North America’s second largest video and game rental company.

“We are closing these because they are not profitable and because funds from liquidating them can help us moving forward,” the February press release said.

At the beginning of February, store managers in Camden and Rockland would not comment on the local closure, except to say that they were instructed to give members of the press the telephone number of the company’s restructuring information line.

That number reaches an automated system. “As a matter of company policy Movie Gallery is not responding to media inquires on this issue,” the system announced Feb. 8. A phone call requesting specific information regarding the Camden store elicited an automated e-mail response acknowledging the request. No further information was given.

An announcement at the company’s Web site at moviegallery.com/restructure, dated Feb. 3, said that following the current closures, some of Movie Gallery’s remaining 1,906 stores in the United States will also be closed as part of the bankruptcy. Stores in Canada are not affected by the filing, the announcement said.

“In the Chapter 11 filing, the company cited the economic and competitive realities facing its business,” the announcement said. “Over the past two years, Movie Gallery took a number of steps to respond to its business challenges and position the company for future success, including closing several hundred underperforming stores across the country; however, these actions were not sufficient.”

A Feb. 4 news release said a ruling of the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division would allow Movie Gallery to use cash on hand to meet payroll and other expenses as the bankruptcy process continues.