Having filed for Chapter 11 bankruptcy protection late last month, Psystar has been forced to disclose what it owes and to whom. While the greatest amount of debt comes from a loan from the company’s founder, another chunk is owed to Carr & Ferrell, the lawfirm that has represented Psystar in its major battle with Apple over their Mac clone machines.

In its petition for Chapter 11, the Florida-based company does not cite legal costs as the main cause of bankruptcy, but instead attributes it to a “weakened economy”, which has lead to decreased sales of its Mac clone. Psystar has also blamed the effect of the recession on suppliers.

Regardless, Psystar is promising to come out of bankruptcy with increasing profits and paid off debt. The next chapter in Psystar’s bankruptcy proceedings will happen today, when the company will hand over its tax returns and financial statements for analysis.