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Bank to release funds to cover payroll at bankrupt theme park

KBSD

Original Article »

July 17, 2007

WICHITA, Kan. (AP) - Nearly 500 people will be able to cash their payroll checks from a defunct Wichita-area amusement park after a bank agreed to release the funds.

Citizens Bank of Kansas has agreed to cash the payroll checks of former Wild West World employees without a court order. On Friday, a bankruptcy lawyer for the park had filed a motion asking a bankruptcy judge to force the bank to release the funds.

Lawyer Tom Gilman told the court that the park had more than $151,000, plenty to cover 498 checks given to employees on the day Wild West World filed for bankruptcy and closed.

The Western-themed park closed on July ninth and filed for Chapter Eleven bankruptcy, citing poor weather and low attendance. It had been open for only two months in the Wichita suburb of Park City.


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