Bankruptcy filing keeps amusement park open. Conneaut Lake Park is a beloved amusement park in Pennsylvania. The park has been beloved for generations. In fact the park has been around for 122 years. The amusement park was set to be shut down and sold off at a sheriff’s sale. Thanks to a bankruptcy lawyer, the park will remain open. The park filed a Chapter 11 bankruptcy which stopped the sale. The park owed more than $925,000 in back real estate taxes. The bankruptcy filing reveals the park owes money to between 50 and 99 creditors. The park owes bills between $1 and $10 million. The park had no choice but to file a bankruptcy. If the sale of the park had gone through, no one knows what would have taken place. The park and bankruptcy attorneys are optimistic that the Chapter 11 bankruptcy will allow the park to get back on firm financial footing. The park hired bankruptcy lawyers last summer. All options were explored. Finally, the sale left the bankruptcy attorneys with no other choice. The bankruptcy filing was the only way to stop the sale of the beloved park. The park offers more than amusement to the community. Over 100 customers rely on the park’s water system. The park also is the only access to private properties. If the park had closed, there was real concern those property owners would be deprived of fire protection. The roads could also be deprived of snow plowing. In this area of the country, snow can be a real problem. A lot is at stake. The bankruptcy lawyers really have their work cut out for them. The bankruptcy case could go on for five years. If the bankruptcy lawyers do their job, everyone wins. The park can be around for many years to come. The residents who rely on the water system and access to roads can be saved. The creditors can be repaid some of the debts that are owed. It all is hanging in the balance.

The Butler Law Firm PA serves all individuals living in South Florida and residing in Broward County, Palm Beach County, and Miami-Dade County; moreover we have worked for, counseled, or filed bankruptcy for individuals living in the cities of: Aventura, Boca Raton, Boynton Beach, Coconut Creek, Coral Gables, Coral Springs, Cutler Bay, Dania Beach, Davie, Deerfield Beach, Delray Beach, Doral, Fort Lauderdale, Ft Lauderdale, Greenacres, Hallandale, Hialeah, Hollywood, Jupiter, Lantana, Lauderdale Lakes, Lauderhill, Miami, Miami Beach, Miami Gardens, Miami Lakes, Miramar, North Miami, North Miami Beach, Palm Beach Gardens, Palm Springs, Palmetto Bay, Pembroke Pines, Pinecrest, Plantation, Riviera Beach, Royal Palm Beach, Sunny Isles Beach, Sunrise, and West Palm Beach.

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