Six Flags Files for Chapter 11

Another big company in financial trouble. Surprisingly during the peak of Six Flags season it has announced that it has filed for chapter 11 bankruptcy. Apparently Six Flags has $2.4 billion dollars worth of debt hanging over the sun fun place. By seeking bankruptcy protection from the Delaware court system, Six Flags hopes to emerge from its financial troubles within the coming months.

Six Flags claims that seeking bankruptcy protection is a measure taken to restructuring the theme park giant. Six Flags reports a profitable year in 2008. Six flags will remain open during this restructuring. The filing of chapter 11 is just a “back house” clean up, reported by top level executives at Six Flags. Six Flags has announced a commitment to remain in good standing with it suppliers, partners, employees and guess during this restructuring.

Six Flags is owned by Dan Snyder. It has 21 locations. Six Flags is an amusement park with feature theme park water entertainment. According to reports, Six Flags is the 4th most popular amusement park in the world.

Quite as kept, Six Flags has been in financial alert mode since 2008 when its stocks fell below the minimum required by the NYSE.

Go to — Six Flags official website

Six Flags Locations

CALIFORNIA

• Magic Mountain, Los Angeles
• Hurricane Harbor, Los Angeles
• Marine World, Vallejo —
• San Francisco Bay area
• Waterworld, Concord
• Waterworld, Sacramento

COLORADO

• Elitch Gardens, Denver

GEORGIA

• Over Georgia, Atlanta
• White Water, Atlanta
• American Adventures, Atlanta

ILLINOIS

• Great America and
• Hurricane Harbor, Chicago

LOUISIANA

• New Orleans

KENTUCKY

• Kentucky Kingdom, Louisville

MARYLAND

• America, Baltimore/Washington, DC

MASSACHUSETTS

• New England, Springfield

MISSOURI

• St. Louis

NEW JERSEY

• Great Adventure, Jackson
• Hurricane Harbor, Jackson
• Wild Safari, Jackson

NEW YORK

• Darien Lake, Buffalo
• The Great Escape & Splashwater Kingdom,
• Lake George

OHIO

• Wyandot Lake, Columbus

OKLAHOMA

• Frontier City, Oklahoma City
• White Water Bay, Oklahoma City

TEXAS

• Over Texas, Arlington
• Hurricane Harbor, Arlington
• Fiesta Texas, San Antonio
• AstroWorld, Houston
• SplashTown, Houston

WASHINGTON

• Wild Waves & Enchanted Village, Seattle

1. Do you think that Six Flags will be able to restructure itself through this chapter 11 bankruptcy?
2. What is your favorite theme park?

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