by Sundeep Kothari
Atlanta Georgia Bankruptcy Lawyer
Six Flags considers filing for bankruptcy
Six Flags is considering an August 2009 bankruptcy filing if it cannot reach deals with its lenders to re-structure outstanding debt.
From the article:
A spokeswoman for the company, Sandra Daniels, said yesterday that a bankruptcy filing would not disrupt park operations. “Whatever the end result is of our discussions . . . Six Flags is open for business,” she said.
Six Flags’ warning that it might turn to bankruptcy court came after its announcement that last year it lost $113 million, compared with $253 million in 2007, as attendance at its parks nudged up despite the economy. Its loss for the fourth quarter, however, widened to $201 million from $127 million in the fourth quarter of 2007.
Atlanta Georgia Bankruptcy Blog 
