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.