American Community Newspapers has filed for Chapter 11 bankruptcy. The company publishes the Plano Star Courier as well as the Stillwater Gazette in Minnesota and various non dailies across four states.

ACN is the seventh newspaper company to file for bankruptcy since December. They plan to reorganize in such a way that frees the newspapers and other properties of debt, making them easier to sell.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon & Jameson, LLP at 512-338-1100.

For the first quarter of 2009, the number of bankruptcies of all types was over 800. This is approximately a 25% increase from the first three months of 2008 which was an increase from 2007's 562 first quarter filings.

Chapter 11 business filings hit 15 in the last quarter, up from six in 2008 and seven in 2007. Chapter 7 liquidations also increased from 339 in 2007 to 400 in 2008 and 587 in this year's first quarter. 

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP at 512-338-1100.

The number of bankruptcy filings in Austin and the district to which it belongs has risen since last year. The Western District, which includes Austin, San Antonio, El Paso, Midland and Waco, had a total of 3,042 bankruptcy filings in the first three months of 2009.

The first quarter of 2009 saw 305 bankruptcy filings in Austin alone. In addition, most of the filings across the district are liquidations rather than reorganizations. Experts believe that this may be the beginning of a more official recession for Texas.

If you are considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP at 512-338-1100.

Crusader Energy Group Inc is a gas and oil producer based out of Oklahoma City. They operate in Oklahoma and Texas as well as parts of central US. On March 30, they filed for Chapter 11 bankruptcy in Dallas.

Now, one of the venture partners is trying to move the case from Dallas to Oklahoma City because the company is based more in Oklahoma than Texas. The company has listed $325.8 million in debts.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP at 512-338-1100.

The auto task force of the Obama administration has been pushing for General Motors to file bankruptcy. This bankruptcy would split the company into two entities, one of which would contain the unprofitable portions of the company while the other retained the more successful portions.

Currently, GM does not want to enter any form of bankruptcy as it might make consumers uneasy. However, this bankruptcy would likely be very beneficial and may soon become necessary whether GM wants it or not.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon & Jameson, LLP at 512-338-1100.