AbitibiBowater Inc. is planning to sell a plant in Texas. The newsprint company sought bankruptcy protection earlier this year after creditors rejected a debt renegotiation plan this  year. 

The sale of the plan is pending on court approval. The plant closed December 2007, according to court recrods. A spokesperson for AbitibiBowater said the sale could save the company about $3 million per year. 

If your company is considering filing for bankruptcy, contact the Austin Chapter 11 lawyers of Slater Kennon LLP, 512-338-1100.