Premier International Holdings Inc., et al. (aka Six Flags) and 36 of its subsidiaries and affiliates filed for bankruptcy in the Bankruptcy Court for the District of Delaware on Saturday, December 13, 2009. However, in good news for some suppliers, GP Holdings, Inc., one of 3 Six Flags’ direct subsidiaries, did not file bankruptcy. The case once again proves the value of one of our top 10 supplier recommendations in responding to a customer bankruptcy – confirm the identity of your customer.  For further information of which entities are in and which are out of bankruptcy click on the following link.

GP Holdings, Inc., indirectly through its subsidiaries, is the general partner of the partnerships that own portions of both Six Flags Over Georgia (including Six Flags White Water Atlanta) and Six Flags Over Texas (collectively, the “Partnership Parks”). None of the Partnership Parks filed for bankruptcy and for suppliers to these entities the news is good.

We constantly emphasize the need of suppliers to make sure they properly identify their customer. With this complex ownership structure, the number debtors filing and with the location specific deliveries of goods and services by many suppliers, focusing on the entity with whom the supplier contracted is going to be especially important. The listing of the debtors names and the petition numbers is as follows:

By clicking on the column heading you can sort the column. For more post on the Six Flags Bankruptcy, click the Filed under Six Flags Bankruptcy link below.  As of the initial posting only the petition number of the primary debtor is known.