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, & Jameson, 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, & 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. 

Morris Publishing Group's debt restructuring plan was approved by a bankruptcy judge Wednesday. The newspaper group, which owns 13 daily newspapers in states including Texas, filed for Chapter 11 last month. 

The restructuring plan would help the company get rid of 70 percent of its debt. When Morris presented the plan in court, none of its creditors objected, clearing the way for the judge's approval. 

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