Introduction
Chapter 11 allows businesses to restructure debt and continue operations while repaying
creditors. It’s designed for businesses that are viable but need time and structure to address
financial challenges.

Who Qualifies

• Small and medium-sized businesses with significant debts.

• Owners seeking to reorganize rather than liquidate.

How the Process Works

• File a petition and propose a reorganization plan.

• Creditors review and approve the plan.

• Court confirms the plan, and the business continues operations.

Benefits

• Allows business to remain open.

• Provides a structured repayment plan.

• Offers protection from creditor actions during reorganization.

 

Next Steps
Our Ohio-based team helps businesses navigate Chapter 11 filings efficiently.