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Six Flags announces that there is 'Substantial Doubt' that it will survive

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  • #41
    Re: Six Flags announces that there is 'Substantial Doubt' that it will survive

    I actually think Six Flags is trying to do the right thing by meeting with the debtor to try and re-negotiate. The debtor will likely get more out of the deal (albeit at a longer term agreement) than they would with a liquidation.

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    • #42
      Re: Six Flags announces that there is 'Substantial Doubt' that it will survive

      Assuming the company can actually get out of debt, of course!

      Originally posted by PeoplemoverMatt View Post
      Except they have to know, because it's basic concept in business, that no debtor recoups all it's owed from a liquidation. The whole reason for a debt restructure is to get a better deal than a flat liquidation. It's like a foreclosure - everybody loses.
      Of course they know. It seems pretty obvious they're trying to get whatever money they can now, as opposed to throwing good loans after bad and ending up in the same place in the future.

      Sorry, but it looks like they're not betting on SF to succeed. Can't say I blame them.
      www.gregscoasterphotos.com <- Go there, it's good!

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