When individuals file for bankruptcy, they typically include all of their debts in their intitial filing. The bankruptcy process will help the filer pay back or discharge some of these debts.

In some cases, individual filers realize that they forgot to include one of their debts in their original filing. When this occurs, individuals will likely be able to include the debt by amending their bankruptcy filing through their attorney. 

If you or anyone you know has questions about a peronal bankruptcy filing, contact the Austin personal bankruptcy attorneys of Slate, Kennon, & Jameson, LLP, at 512-338-1100. 

Erickson Retirement Communities LLC emerged from Chapter 11 bankruptcy protection last Friday. According to court reports from a Texas bankruptcy court, the company will be sold to Redwood Capital Investments for $365 million. 

The company currently runs 19 retirement communities in the United States, and it filed for bankruptcy protection in Texas last October. The court records showed that the company was forced into bankruptcy because of the recession and losses in the housing market. 

If your company has considered filing for Chapter 11 Bankruptcy, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100. 

The Texas Rangers may have to file for bankruptcy. According to BusinesWeek story, the baseball team may be forced into bankruptcy by the current owner's business creditors. 

While the current owner has been working on a deal to sell the baseball club for a number of months, the creditors for Hicks Sports Group, LLC, are requesting more than the expected sale price.

If your creditors are trying to force your company into bankruptcy, contact the Austin commercial bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

The Pilgrim's Pride headquarters in East Texas will be closed. According to a company press release, the headquarters in Pittsburg, Texas will be shut down and will be consolidated with the JBS USA headquarters. 

JBS purchased a 64 percent ownership stake in Pilgrim's Pride, when the company filed for bankrupty last year. The headquarters shutdown will likely result in a number of layoffs that could cost the East Texas town more than a hundred jobs. 

If your company has questions about a bankruptcy filing, contact the Austin bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100.