The author, Carlo Fernandez, writes for the Troubled Company Reporter, a daily newsletter that provides definitive and timely coverage of financially distressed companies.
Sunday, January 31, 2021
Bankrupt Conneaut Lake Park Owner Finds Buyer After Almost 4 Years
Trustees of Conneaut Lake Park won confirmation of its Chapter 11 plan in September 2016. It never got a final decree closing the case -- in fact it filed motions seeking an extension of the time to apply for a final decree 8 times. This January it returned to the bankruptcy court asking for approval of a sale process, saying that it has found a buyer for the park.
{Good thing judges are patient!}
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