Six Flags Bankruptcy 2024. Six flags and certain of its domestic subsidiaries filed chapter 11 bankruptcy on june 13, 2009, and emerged from chapter 11 on april 30, 2010. Six flags started in the late 1950s when real estate developer angus wynn and partners bought 7,500 acres of land in texas.
Six flags has closed most of its parks until may or even later, so it will generate much lower revenue in the first half of 2020. Six flags, which owns 19 amusement parks in the u.s.