Chapter 11 Bankruptcy

Business Reorganization to Preserve Your Company

Chapter 11 bankruptcy allows businesses to restructure debt while continuing operations. At the Law Office of Jeremy T. Wood, PLLC, we help business owners navigate this complex process to emerge stronger and more financially stable.

The Chapter 11 Process

Initial Filing: We prepare and file comprehensive bankruptcy documentation
Automatic Stay: All collection actions and lawsuits stop immediately
“Debtor in Possession” Status: Continue operating your business
Reorganization Plan: We develop and submit your debt restructuring plan
Disclosure Statement: Provide detailed financial information to creditors
Plan Confirmation: Court approval of your reorganization strategy
Plan Implementation: Executing the approved debt restructuring

Key Benefits of Chapter 11

Business Continuity: Maintain operations throughout the process
Legal Protection: Stop creditor actions while you reorganize
Contract Renegotiation: Ability to modify or reject unfavorable leases and contracts
Debt Restructuring: Convert unmanageable debt into sustainable payment plans
Asset Protection: Preserve business assets while addressing debt
Time to Recover: Breathing room to implement strategic changes

Who Can Benefit from Chapter 11

Small Businesses

Simplified procedures for qualifying small business debtors under Subchapter V

Mid-Size Companies

Restructuring options for established businesses facing temporary financial challenges

Real Estate Ventures

Solutions for properties facing foreclosure or cash flow issues

High-Asset Individuals

Reorganization options for individuals with substantial business debt

What Chapter 11 Can Accomplish

Reduce Debt Principal: Potentially reduce total debt obligations
Lower Interest Rates: Renegotiate terms for more manageable payments
Extended Payment Terms: Lengthen repayment periods to improve cash flow
Debt-for-Equity Swaps: Alternative restructuring options
Contract Termination: Cancel unprofitable contracts and leases
Business Model Adjustments: Time to implement operational improvements

Our Chapter 11 Services

Strategic Consultation

Comprehensive analysis of your business finances and restructuring options

Plan Development

Create a viable reorganization plan tailored to your business goals

Creditor Negotiation

Represent your interests with creditors to achieve consensus

Court Representation

Experienced advocacy throughout all hearings and proceedings

The Subchapter V Option for Small Businesses

For qualifying small businesses, the Small Business Reorganization Act (SBRA) created Subchapter V of Chapter 11, offering:

Streamlined Process: Faster and more efficient than traditional Chapter 11
Reduced Costs: Lower administrative expenses
Simplified Requirements: No creditors’ committee in most cases
Ownership Protection: Greater ability to retain business ownership

Begin Your Business Recovery Today

Don’t wait until your business is in crisis. Contact the Law Office of Jeremy T. Wood, PLLC at 713.366.1288 to schedule your free consultation and learn how Chapter 11 bankruptcy can help preserve and strengthen your business.