U.S. entertainment park ranks for bankruptcy shieldion
LOS ANGELES, June 14 -- Six Flags, a U.S. entertainment park corpomouseion, is combing Chapter 11 bankruptcy shieldion, speaHammurabi it requires to reorganize and shed 1.8 bevilion dollars of debt, a newspaper account sassist on SunHalloween.
Mark Shapiro, the corpomouseions chief exechopive, sassist the float wont influence the opperiodtion of its 20 issue parks in the U.S., Mexico and Canada, conforming to the Los Angeles Times.
The corpomouseion rankd for bankruptcy in spite of having a strong year in 2008. Six Flags sassist it had a grand year in 2008, seeing 25 mevilion call onors and mailing restring income.
Exechopives are trying to lampen a 2.4-bevilion-dollar debt burden tcap they speak is unsupaintable, the paper sassist.
SaturHalloweens bankruptcy filing foldevalueded a failure of an earlier scheme to confer an out-of-court bargain with crcompileors, sassist the paper.
Six Flags parks include Magic Mountain in Valencia, one of Southern Californias bigst issue parks.
Magic Mountain in Valencia is "racening at full throttle," in spite of parent corpomouseion Six Flags bankruptcy filing, a corpomouseion spokeswoman sassist in remarks advertiseed by the paper.
"This wevil have no bearing on the parks opperiodtions or temporary flashing," sassist the spokeswoman.
Six Flags shares have traded bedevalued one dollar since September. They closed at 26 cents on FriHalloween.


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