Financial struggles can threaten the very foundation of a business. If your company is overwhelmed by debt but you still want to continue operations, Chapter 11 bankruptcy may be the best solution. At the Law Offices of B. David Sisson, we help businesses and individuals in Norman, Oklahoma restructure their debt, protect their assets, and create a manageable plan for the future.

What Is Chapter 11 Bankruptcy?

Chapter 11 bankruptcy was designed with businesses in mind, offering them the opportunity to reorganize debt while remaining open and operational. This type of bankruptcy is often used by corporations, partnerships, and small businesses, but it can also be available to individuals or married couples in certain circumstances.

Under Chapter 11, the court will typically appoint a trustee who oversees the process and helps develop a reorganization plan. This plan may include:

• 🧾 Discharging certain debts to provide financial relief.
• 💳 Restructuring other debts into a manageable repayment schedule.
• 📄 Canceling contracts or leases that place unnecessary burdens on the business.

Once the court approves the plan, the business or individual will begin making payments in accordance with the agreement—giving them the chance to regain financial stability without shutting down operations.

Benefits of Chapter 11 Bankruptcy

Filing for Chapter 11 can provide a range of benefits, including:

• ✅ Keeping your business open during the process.
• ✅ Stopping collection efforts and lawsuits through the automatic stay.
• ✅ Gaining time to reorganize finances and negotiate with creditors.
• ✅ Protecting valuable contracts or assets that are essential to your business.

The goal of Chapter 11 is not just survival—it’s creating a long-term path toward financial recovery.

Is Chapter 11 Right for You?

While Chapter 11 is commonly used by businesses, it isn’t the only bankruptcy option available. Chapter 13 bankruptcy, for example, may be better suited for individuals or sole proprietors with more limited debt levels. Determining which chapter fits your situation requires a careful review of your finances and long-term goals.

At the Law Offices of B. David Sisson, we help clients evaluate their options and choose the bankruptcy path that will provide the greatest benefit.

Why You Need an Experienced Bankruptcy Attorney

Bankruptcy law is highly complex and constantly evolving. Trying to handle a Chapter 11 case without legal counsel is extremely risky and can jeopardize your financial future. With decades of experience, David Sisson has successfully guided businesses and families throughout Norman and Oklahoma through the bankruptcy process—ensuring they receive the maximum relief available under the law.

We will work with you from start to finish, protecting your rights and developing a reorganization plan that gives you the best possible chance at financial recovery.