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Monday, June 15, 2009

Six flags bankruptcy filing

Associated Press- The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.

Mark Shapiro, the New York-based company's chief executive officer, says the move won't affect the operation of its 20 theme parks in the U.S., Mexico and Canada... including Six Flags Over Georgia.

Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable.

Saturday's bankruptcy filing came after an earlier plan to negotiate an out-of-court deal with creditors failed. According to sources, Six Flags shares have traded below $1 since September. They closed at 26 cents on Friday.

The economy is forcing major companies to seek bankruptcy protection. If you are facing financial difficulties, you too can seek the same protection. The Báez Law Firm, P.C. can help you file for bankruptcy to help you deal with your financial situation.

Thursday, June 11, 2009

From Rock Port

The firm will be on a much needed vacation during the week of June 10, 2009. We have decided to make this a yearly event in which our employees enjoy of the festivities, the weather and the people of Rock Port. We have visited the most wonderful restaurants that Texas have to offer, and we love it.

With this blog, we are encouraging other Texas employers to do the same. We have come to realize that, when your employees are happy, they work better, are healthier and loyal to the mission and vision of the company.

The Baez Law Firm is a general practice law firm based in San Antonio, Texas that handles your case with respect and dignity. We offer services on Personal Injury, Business Law, Family Law, Criminal Law, Auto Accident, Medical Malpractice, Wrongful Death, Bankruptcy and many more areas of law.