Apex Parks Can Move Forward With Quick Ch. 11 Sale Plans
Law360 (April 24, 2020, 4:42 PM EDT) -- Bankrupt amusement park chain Apex Parks Group received permission Friday from a Delaware judge for a Chapter 11 sale plan that will see a deal approved by May 11 as unsecured creditors consented to the timeline given the economic uncertainties during the COVID-19 pandemic.
During a hearing conducted via telephone and videoconferencing, committee attorney Jason Adams of Kelley Drye & Warren LLP said his clients were keenly aware of the challenges facing hospitality and entertainment operators in the age of coronavirus and did not wish to upend the sale process.
"A two-week process is extremely quick. It's generally not something we'd...
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