Theme park operator Six Flags Entertainment Corporation announced Monday that it has emerged from Chapter 11 bankruptcy protection.

The company, which owns 19 amusement parks, said in a statement that the terms of its restructuring were approved by the bankruptcy court on Friday. Bondholders and creditors were able to reach an accord last week and submitted a revised plan to the bankruptcy judge. The parties had been fighting over control of the theme park giant for months.

Six Flags said the plan will allow it to cut debt and provide for payment in full of all trade creditors.

Washington Redskins owner Daniel M. Snyder made headlines earlier this week by leaving the board of Six Flags and losing his equity investment in the company.

If your business is in severe financial trouble, Chapter 11 bankruptcy may be the best option for your situation. To learn more, contact a Galveston Chapter 11 bankruptcy lawyer from Gipson, Norman & Root by calling 800-291-0898.