Bison Building Materials Files for Bankruptcy

by Administrator 30. June 2009 01:38

On Monday, Bison Building Materials said that it filed for Chapter 11 bankruptcy protection. It cited costs of expansion and the housing market crash as some of the main reasons for the filing.

The housing market crash has greatly affected the company, bringing them down from 1,350 employees in 2006 to 556 today. Their revenues also dropped significantly from $406 million to $271 million in the same time period.

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

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FPFX Files for Bankruptcy

by Administrator 25. June 2009 01:50

First Plus Financial Group Inc, or FPFX, has filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The company cites a series of events leading to the filing.

Among other things, the company has been financially burdened by litigation costs piling up and a lack of revenue from its subsidiaries. The company now faces serious liquidity issues that it plans to address during restructuring.

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

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Henry Dunay Files for Bankruptcy

by Administrator 23. June 2009 01:51

Henry Dunay Designs, a New York based jeweler, has filed for bankruptcy protection as of Monday. The company listed assets and liabilities both in the range of $1 million to $10 million.

The company sells jewelry at high end department stores like Neiman Marcus and counts dozens of celebrities as clients. They have declined to comment on the reason for the filing.

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

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Eddie Bauer Files for Bankruptcy

by Administrator 18. June 2009 02:32

Clothing retailer Eddie Bauer Holdings Inc filed for bankruptcy protection on June 17. Now the company has struck an agreement with CCMP Capital Advisors LLC for a buyout at $202 million.

As part of the agreement, CCMP will retain most of the 371 stores and their employees. Eddie Bauer is hoping to continue normal business operations during the bankruptcy.

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

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6 Flags Bankruptcy

by Administrator 16. June 2009 01:34

Six Flags has filed for bankruptcy even though the park is doing well and is still profitable. The filing is spurred instead by an inherited debt of $2.4 billion. The company was unable to pay a $320 million payment in August.

The company has another $130 million payment that is due in March. Because it cannot make these payments, it filed Chapter 11 on Saturday. However, they have assured that the parks will still operate safely through the restructuring.

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

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Developer Files for Bankruptcy

by Administrator 11. June 2009 01:55

Crescent Resources of Charlotte, South Carolina has filed for Chapter 11 bankruptcy protection in the Western District of Texas in Austin. The company is still reeling from a $420 million net loss in 2008, compared with their 2007 net gain of $76 million.

The company is currently dealing with $1.4 billion in debt but plans to reorganize quickly. The new CEO has said that believes the company's business model is still very solid and will work in the future.

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

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Peanut Plant Filing for Bankruptcy

by Administrator 9. June 2009 01:15

A subsidiary of the Peanut Corporation of America, Plainview's peanut processing plant is filing for bankruptcy. Earlier this year, Peanut Corp was linked to the salmonella outbreak that sickened hundreds, forcing a bankruptcy filing by the company.

Now the subsidiary Plainview Peanut Company is filing suit. The company is filing for Chapter 7 bankruptcy protection to liquidate all of its assets. The company was fined $14.6 million in April for a slew of infractions including unsanitary conditions. This fine has forced their bankruptcy filing.

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

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