AMF Bowling Worldwide filed for protection under Chapter 11 late last year with a $300 million debt load that was preventing it from making improvements to attract more customers. This week a bankruptcy judge approved a plan that will allows the merger of AMF with Bowlmor, New York based company that operates high-end bowling centers. The plan will pay first-lien holders in full and give second-lien holders an ownership in the new company.

For more read, “AMF Bowling plan to emerge from bankruptcy approved.”