http://www.forbes.com/feeds/ap/2009/06/ ... 40525.html
NEW YORK -- The amusement park company Six Flags filed for bankruptcy Saturday.
The operator of 20 theme parks in the U.S., Mexico and Canada says the filing in a federal court in Delaware is part of its plan to reorganize and shed $1.8 billion worth of debt.
Company CEO Mark Shapiro says the move won't affect the day-to-day operations of the parks.
Six Flags ( SIX - news - people ) says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But the company says it needed to do something about its crushing debt load.
An earlier plan to work out an out-of-court deal with creditors wasn't successful.