Chapter 11 Bankruptcy is most commonly used by businesses when restructuring. Chapter 11 Bankruptcy essentially allows the business, partnership, or corporation to continue operations while reorganizing and restructuring debt. Chapter 11 Bankruptcy filings are far more complex and expensive than other forms of bankruptcy. Filings typically involve the U.S. Trustee, creditors, bondholders, and stockholders. For this reason Chapter 11 Bankruptcy filings very rarely involve individual consumers.

Oklahoma Personal Chapter 11 Bankruptcy

In some cases individuals who are professionals with a high net worth and make an above average net income may require Chapter 11 Bankruptcy. Individuals who typically file for Chapter 11 Bankruptcy tend to be professional athletes, doctors, lawyers, contractors, dentists, actors, entertainers, financial planners, entrepreneurs, business executives, and real estate developers. These individuals tend to file for chapter 11 because of setbacks or downturns in their income.

Contact an Oklahoma Chapter 11 Bankruptcy Attorney for a Free Consultation

Though Swift and Watkins principle bankruptcy practice focuses on personal bankruptcy cases; we have established strong relationships with referring firms specialized in all facets of Oklahoma Chapter 11 Bankruptcy. Don’t risk your business or your livelihood. Get your business back on track and contact Swift and Watkins experienced Oklahoma bankruptcy attorneys for a free initial consultation.