Six Flags seeks Chapter 11 bankruptcy protection
NEW YORK '' The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
Journal Register Company today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York to implement a pre-negotiated plan of reorganization with certain of its secured lenders designed to substantially reduce the Company's debt.