Six Flags bondholders ask bankruptcy judge to end company's right to exclusive reorg plan

Posted | Contributed by Jeff

Bondholders of bankrupt Six Flags Inc have asked a judge to terminate the theme park operator's right to exclusively file a plan of reorganization, saying they have a better proposal. Holders of more than $500 million of Six Flags Inc notes have offered a competing plan that they say would pay creditors more than the company's offer.

Read more from Reuters, as well as a story with more details on the alternate plan.