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Six Flags' plan confirmation hearing is expected to last two weeks
By Lisa Kerner
Charlotte, N.C., March 8 - Six Flags Inc.'s plan of reorganization hearing before the U.S. Bankruptcy Court for the District of Delaware which began on Monday is expected to last for two weeks, according to an attorney close to the case.
As previously reported, the plan was accepted by a majority of voting creditors, including the one holder of a $10 million SFTP TW guaranty claim, the 31 holders of $454.11 million in SFO pre-bankruptcy credit agreement claims, the one holder of a $10 million SFO TW guaranty claim and the one holder of a $10 million SFI TW guarantee claim.
Six Flags, a regional theme park company based in New York, filed for bankruptcy on June 13, 2009. Its Chapter 11 case number is 09-12019.
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