Pilgrim's Pride Corp. has stated that it expects a court to approve its reorganization plan sometime later this month.  The Pittsburg, Texas company recently filed for Chapter 11 bankruptcy protection last year.  The company faced increased debt because of rising costs of business operations.

A company spokesman stated that the judge has stated he will approve the reorganization plan.  Pilgrim's Pride may be bought by a Brazilian beef company JBS.  If this offer to purchase Pilgrim's Pride from JPS were to occur,  JBS would become the world's largest meat maker.

If you or someone you know is considering filing for bankruptcy in Texas, please contact the Galveston Bankruptcy Lawyers of Gipson& Norman by calling 409-765-6000.