Crescent Resources will likely be able to exit bankruptcy in the near future. According to court reports, a bankruptcy judge approved Crescent Resources' reorganization plan. 

The company originally filed for Chapter 11 bankruptcy protection in June. The bankruptcy filing was meant to erase more than $1 billion in debt from the company's balance sheet. 

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

The Texas Rangers filed for Chapter 11 bankruptcy Monday. The bankruptcy filing is meant to facilitate the sale of the team to a group led by Chuck Greenberg and Nolan Ryan. It was made in the U.S. Bankruptcy Court in Fort Worth, Texas.

The filing will allow the creditors of the current owner to be repaid in full for any outstanding debts. The filing will also facilitate the sale of the Rangers' Ballpark in Arlington.

If your company is considering a Chapter 11 bankruptcy, contact the Austin Chapter 11 bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.

Spansion Inc. emerged from bankruptcy last week. The flash memory maker had filed for Chapter 11 protection in March 2009. 

Over the past four quarters, the company generated profit in four consecutive quarters. As part of the bankruptcy filing, the company must file a new market listing for its common stock. 

If your company has considered filing for Chapter 11 protection, contact the Austin Chapter 11 attorneys of Slater Kennon LLP, at 512-338-1100. 

Many individuals and companies may choose to file for bankruptcy because they become insolvent. In some cases, however, they are insolvent and try to prevent a bankruptcy filing. 

In this case, creditors may try to force the company into bankruptcy. One option for creditors is an involuntary bankruptcy, which forces debtors into bankruptcies so that creditors can collect debt payments. 

If you or anyone you know has questions about bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.

The owner of Highland Mall filed for Chapter 11 bankruptcy. According to court reports, the owner is facing a lawsuit from one of its major creditors. 

The mall was previously owned by General Growth Properties Inc. and Simon Property Group Inc. The current owner listed assets between $10 million and $50 million and debts between $500,000 and $1 million. 

If your company is considering filing for bankruptcy, contact the Austin Chapter 11 bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.

The assets of Bison Building Holdings Inc. of Houston will be purchased by Stock Building Supply of Raleigh. According to court reports, the transaction is part of the Chapter 11 bankruptcy resolution plan. 

Bison filed for Chapter 11 bankruptcy reorganization in June 2009. The Houston-based company supplies building materials to contractors throughout Texas. 

Stock Building Supply also entered Chapter 11 in 2009. The company exited bankruptcy when a private equity group purchased the company. 

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