On Wednesday, Dallas based White Energy Inc filed for bankruptcy under Chapter 11 citing a flooded market and high cost of production. This filing comes in the wake of other filings by similar companies such as Aventine Renewable Energy and VeraSun Energy Corp.

In 2008, the company generated more than $500 million in revenue. However, the bankruptcy filing listed debts in the range of $100 million to $500 million and assets in the same range.

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