The number of bankruptcy filings have been on the rise for the last few months,  following one of the most serious economic downturns since the Great Depression in the early 30's.

The number of bankruptcy filings is expected to continue over the following months.  Many officials believe that with the economic recession set to last for at least another year before real recovery,  that the number of filings could be the most in recent history.  It will still take more time to determine if these predictions are accurate. 

If you are considering bankruptcy, contact the Galveston bankruptcy lawyers of Gipson, Norman & Root at 409-765-6000. 

Pilgrim's Pride is expected to exit bankruptcy by the end of the year. While filing with the US Bankruptcy Court in Fort Worth, the company said that it was in the final stages of creating a reorganization plan which it expects to file later this month.

Amid the bankruptcy filing, there has been rumor of Brazilian meat producer JBS SA acquiring the company for $2 billion. However, neither company has acknowleged the rumors.

If you are considering bankruptcy, contact the Galveston bankruptcy lawyers of Gipson, Norman & Root at 409-765-6000.

Palm Energy Partners has filed for bankruptcy protection in the US Bankruptcy Court for the Southern District of Texas, Houston division. The company is engaged in development for offshore oil properties in the Gulf of Mexico.

In its filing, the company listed both assets and liabilities in a range from $100 million to $500 million. Palm Energy's fully owned business unit, Pisces Enterprises is also a part of the bankruptcy.

If you are considering bankruptcy, contact the Galveston bankruptcy lawyers, contact the Galveston bankruptcy lawyers of Gipson, Norman & Root at 409-765-6000.