Calpine Corporation is nearly done with its Chapter 11 bankruptcy plan.

The company announced this week that the last significant claim remaining from its Chapter 11 bankruptcy will be settled this month. This settlement will be funded partially by the sale of Calpine shares held in reserve by the company specifically for its bankruptcy claims. The rest of the shares, if there are any, will be distributed to unsecured debtors. Calpine has 44 million shares that have been set aside in reserve; these do not reflect new or additional shares issued by the company since its bankruptcy filing.  This current settlement is not expected to impact Calpine's current earnings or cash flow.

Calpine Corporation is a US-based company that provides cost-effective, clean, fuel-efficient power to 20 states in America and in Canada as well.

Is your company in the red? If so, it is time to contact a Houston bankruptcy attorney now to discuss your options.