American Community Newspapers has filed for Chapter 11 bankruptcy. The company publishes the Plano Star Courier as well as the Stillwater Gazette in Minnesota and various non dailies across four states.
ACN is the seventh newspaper company to file for bankruptcy since December. They plan to reorganize in such a way that frees the newspapers and other properties of debt, making them easier to sell.
If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.