Filing Alert: Baxsto Chapter 11
Baxsto Files Chapter 11 in Western District of Texas
Baxsto LLC, an Austin, TX-based lessor of mineral rights to oil and gas companies, filed for Chapter 11 protection on Aug. 21 in the U.S. Bankruptcy Court for the Western District of Texas.
The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-11291.
Top Unsecured Claims
Key Parties
Counsel:
- Stephen W Sather
- Barron & Newburger, P.C.
- Email: ssather@bn-lawyers.com
Signatories:
- Ashley Stout – Manager
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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