WILMINGTON, Del., June 13 (UPI) -- The U.S. amusement park chain Six Flags, Inc filed for Chapter 11 bankruptcy Saturday as it wrested with more than $2 billion in debt and slumping attendance.
Mark Shapiro, president and CEO, said in a letter to employees posted on the company Web site that the bankruptcy filing Delaware had been pre-arranged and was due in large part to debt inherited from the previous ownership.