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 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. 

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 Slater Kennon 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 LLP, at 512-338-1100.

Lone Star Park in Grand Prairie, Texas will likely change operators at some point this season. The racing track's current operator, Magna Entertainment Corp., filed for bankruptcy last year. 

Magna later agreed to sell Lone Star Park to Global Gaming Solutions, a subsidiary of Chickasaw Nation of Oklahoma. The sale, however, is still waiting approval by the Texas Racing Commission. 

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

When individuals file for Chapter 7 bankuptcy, the filing fee is $200 in most cases. If filers are unable to pay the fee in full, they also have the option of paying the fee in installments. 

However, the full amount of the fee must be paid wthin 120 days of the filing, unless filers can receive an extension from the court. If filers do not pay the fee, then the case could be dismissed, and filers will not receive discharges. 

If you or anyone you know has questions about a Chapter 7 bankruptcy filing, contact the Austin Chapter 7 bankruptcy lawyers of Slate, Kennon, & James, LLP, at 512-338-1100.