First Plus Financial Group Inc, or FPFX, has filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The company cites a series of events leading to the filing.

Among other things, the company has been financially burdened by litigation costs piling up and a lack of revenue from its subsidiaries. The company now faces serious liquidity issues that it plans to address during restructuring.

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