Charter Communications Inc has filed for Chapter 11 bankruptcy recently. This filing comes as part of an agreement with debtholders to reduce the company's debt by about $8 billion.

At the end of the year, Charter had $21.7 billion in debts. This restructuring plan has been expected for some time, allowing Charter and its debtholders to come to an agreement before the bankruptcy filing.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.