Bosque Power Co., LLC, filed for Chapter 11 bankruptcy protection last week. According to reports from a Texas bankruptcy court, the filing for the U.S. electricity generator included assets and debt between $100 million and $500 million.
Bosque Power borrowed more than $400 million in January, 2008, and its senior debt was downgraded by Standard & Poor earlier this month. The bankruptcy filing was made in the U.S. Bankruptcy Court in the Western District of Texas.
If your company is considering filing for Chapter 11, contact the Austin Chapter 11 bankruptcy lawyers of Slater Kennon LLP, at 512-338-1100.