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Over the weekend, Six Flags Inc. (OTC: SIXF) announced it was filing for Chapter 11 bankruptcy (cue sad-trombone noise here). The company was saddled with $2.4 billion in debt and is taking this opportunity for a fresh start. None of the company's 20 parks -- located throughout North America -- will be closed. All Six Flags employees still have jobs, as well, so potential patrons should not feel as though corners are being cut.

Six Flags spokeswoman Sandra Daniels told the press that "This restructuring will have no impact on families who come out to our parks."

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Six Flags bankrupt, but the rides will go on originally appeared on BloggingStocks on Mon, 15 Jun 2009 12:20:00 EST. Please see our terms for use of feeds.

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