Tropicana Entertainment Inc. successfully emerged from bankruptcy earlier this week. According to a company press release, the company underwent the Chapter 11 reorganization process.

The reorganization plan included eliminating about $2.5 billion of debt and renewing its gaming license in five states. The bankruptcy filing was the result of the poor commercial credit market and other factors related to the recent recession.

If your company is considering filing for Chapter 11 bankruptcy, contact the New Orleans Chapter 11 bankruptcy attorneys of Kervin & Young, LLC, at 504-599-5906.