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Earlier this month on DailyFinance, Bruce Watson wrote about Six Flags as a company on the brink: "Even if the company must declare bankruptcy, CEO Mark Shapiro says its daily operations will not be affected and characterizes a possible reorganization as a 'back-of-the-house issue.' Still, the company is keeping its seat belt fastened for more thrills and chills."

Today the company did file for bankruptcy with a so-called prepackaged filing. The reorganization plan has the unanimous support of the major lenders and the company hopes to re-emerge quickly. There don't appear to be any plans to close parks as a result of the filing.

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Six Flags files for Chapter 11 bankruptcy protection originally appeared on BloggingStocks on Sat, 13 Jun 2009 16:10:00 EST. Please see our terms for use of feeds.

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