Saturday, June 13, 2009

Six Flags Seeks Bankruptcy Protection

When their plans to privately restructure their debt fell though this became pretty inevitable, and so Six Flags has decided they will file Chapter 11  bankruptcy protection.

The company is stressing that the filing status will not affect any of the parks in any way.  They're burdened by the massive amount of debt the previous management team left them with and this is the only way for them to get their heads above water.

Hopefully what will emerge from bankruptcy court will be a stronger company than ever that will provide all of us with many more years of fun at the Six Flags parks!