Protect Your Business and Rebuild Financial Stability

If your business is struggling with mounting debt, declining revenue, or creditor pressure, Chapter 11 bankruptcy may provide the solution your company needs to survive and thrive. At Sims Bankruptcy Law, PLLC, we guide businesses across Texas through the Chapter 11 process, helping owners reorganize debts, renegotiate contracts, protect assets, and create a long-term plan for financial recovery. With our experienced legal team by your side, you can confidently address financial challenges and focus on rebuilding your business.

What Is Chapter 11 Bankruptcy?

Chapter 11 bankruptcy, also known as “reorganization bankruptcy,” is designed for businesses that want to restructure debt rather than liquidate assets. Unlike Chapter 7 bankruptcy, which typically ends operations, Chapter 11 allows companies to remain in business while addressing financial obligations.

Key benefits include:

  • Restructure Debts: Develop a repayment plan that aligns with your cash flow, reducing immediate financial strain.
  • Renegotiate Contracts: Modify leases, supplier agreements, and other obligations to more manageable terms.
  • Protect Assets: Safeguard property, equipment, and other essential business assets from liquidation.
  • Maintain Operations: Continue daily business operations while reorganizing finances.

For example, a manufacturing company facing unpaid vendor bills can use Chapter 11 to restructure payments while keeping production running, protecting both employees and clients. Similarly, a retail store can renegotiate leases or supplier contracts to reduce overhead while stabilizing cash flow.

Why Choose Sims Bankruptcy Law?

  • Experienced Representation: Led by Attorney Tyler Sims, our firm brings extensive knowledge of Texas bankruptcy law and federal regulations. We ensure your case is handled efficiently and strategically to achieve the best outcome.
  • Tailored Solutions: Every business is different, so we create customized strategies that meet your specific financial needs and long-term goals.
  • Comprehensive Support: From the initial consultation to plan confirmation, we handle filings, negotiations with creditors, and court representation to reduce stress and protect your interests.
  • Focused on Results: Our goal is to help your business survive, restructure, and return to financial health. We work closely with you every step of the way.

With Sims Bankruptcy Law, you gain not just legal expertise but also a strategic partner dedicated to safeguarding your company’s future.

Benefits of Chapter 11 Bankruptcy

Choosing Chapter 11 can provide a range of strategic advantages for businesses:

  • Business Continuity: Keep your doors open while addressing debt issues, preserving relationships with employees, clients, and suppliers. 
  • Debt Reduction: Negotiate with creditors to lower overall obligations and create a manageable repayment plan. 
  • Contract Renegotiation: Amend leases, vendor contracts, and service agreements to reduce financial burdens. 
  • Asset Protection: Preserve key equipment, property, and other business assets. 
  • Financial Stability: Establish a structured plan that enables sustainable growth and operational efficiency. 

These benefits allow businesses to stabilize operations, regain control of finances, and build a roadmap toward future profitability.

The Chapter 11 Process

Navigating Chapter 11 can seem complex, but our team guides you through every step:

  1. Consultation: Evaluate your business’s financial situation and discuss all available options. 
  2. Filing the Petition: Submit a Chapter 11 petition to the United States Bankruptcy Court, which provides legal protection from creditors. 
  3. Automatic Stay: Filing triggers an automatic stay, immediately halting collection actions, lawsuits, and other creditor pressures. 
  4. Plan Development: Work with our attorneys to create a repayment and restructuring plan that addresses debts, contracts, and operational needs. 
  5. Court Confirmation: Present the plan to the court and creditors for approval. 
  6. Implementation: Begin following the approved plan, reorganize debts, and continue business operations under legal protection. 

For example, a small restaurant may use Chapter 11 to temporarily reduce rent payments, restructure supplier contracts, and pay debts over time while continuing to serve customers and keep staff employed.

Is Chapter 11 Right for Your Business?

Chapter 11 bankruptcy is ideal for businesses experiencing:

  • Overwhelming Debt: Inability to keep up with payments or creditors. 
  • Declining Revenue: Reduced income impacting day-to-day operations. 
  • Legal Pressure: Pending lawsuits or aggressive collection activity. 
  • Operational Strain: Difficulty maintaining normal business functions due to financial limitations. 

Our team can assess your unique circumstances and advise whether Chapter 11 or an alternative bankruptcy solution is the best choice. Many businesses find that Chapter 11 offers the flexibility to recover while protecting their most valuable assets.

Frequently Asked Questions

Q: How long does a Chapter 11 bankruptcy take?
 A: The process varies depending on the complexity of your debts and business structure. Most cases take several months to a few years, but our team works to ensure the process moves efficiently.

Q: Can I continue to run my business during Chapter 11?
 A: Yes. One of the key benefits of Chapter 11 is that it allows businesses to maintain operations while restructuring debt.

Q: Will Chapter 11 affect my personal assets?
 A: Chapter 11 focuses primarily on business assets. In many cases, personal assets remain protected unless they are tied to business obligations.

Q: Can creditors stop my business from filing Chapter 11?
 A: No. Once you file, the automatic stay prevents most collection actions, giving you legal protection while you reorganize debts.

Serving North and Central Texas

Sims Bankruptcy Law, PLLC proudly represents businesses throughout North and Central Texas, including Dallas, Fort Worth, Arlington, Waco, Killeen, and surrounding communities. Our offices are strategically located to provide local businesses with accessible, expert legal guidance when it’s needed most.

Take Action to Protect Your Business Today

Don’t wait until financial difficulties threaten the future of your business. Call Sims Bankruptcy Law, PLLC at 469-751-7467 (DFW) | 254-304-7161 (Central Texas) to speak with a Chapter 11 bankruptcy lawyer and start rebuilding your business’s financial foundation today.