Charter Communications Inc. subscribers in Austin will see no impact on their cable television and Internet services despite the company’s filing for bankruptcy protection.

The company filed for a prearranged Chapter 11 bankruptcy to get relief from its creditors, as the nation’s fourth-largest cable operator strives to keep its head above water and still compete with phone companies and satellite TV providers, the Associated Press previously reported.

The St. Louis, Mo., company seeks to emerge from bankruptcy as early as the end of summer and doesn’t plan on selling any of its assets to competitors, according to the AP report.

After Chapter 11, interest costs at Charter, which has never posted a profit since going public in 1999 because of massive debt interest payments, will be cut in half to $830 million a year.

Court proceedings on the bankruptcy petition have been rescheduled for May 5 in US. Bankruptcy Court, New York, N.Y.

Charter Communications, Inc. and its debtor subsidiaries and affiliates announced in February they received authorization from the United States Bankruptcy Court for the Southern District of New York to pay in the normal course trade creditor balances that were incurred prior to the company’s Chapter 11 filing.

As a debtor in possession, the company is authorized to transact business in the ordinary course of business and, as such, has been paying its trade creditors in full for balances incurred.

Anita R. Lamont, media spokesperson for the company, reiterated the Charter assertion subscribers will notice no interruption of their cable television and high-speed Internet services.