Chapter 11 Reorganization
When an enterprise is worth more alive than liquidated, Chapter 11 offers a structured path to restructure debt, renegotiate obligations, and emerge with ownership and operations intact.
Court-supervised recovery that keeps enterprises operating.
Mounting obligations, an impatient lender group, and the threat of a forced sale can make it feel as though the only options are collapse or a fire-sale. Owners fear losing the business they built, the employees who depend on it, and the reputation attached to their name. The pressure is rarely only financial — it is the sense that a lifetime of work could be undone in a single quarter.
- Closely held and family-owned enterprises
- Companies facing a maturing loan or covenant default
- Businesses with viable operations but an unsustainable balance sheet
- Owners determined to retain control through a restructuring
- A lender has issued a default notice or is threatening to accelerate
- Trade creditors are tightening terms or demanding payment on delivery
- Liquidity is tight and a maturity or balloon payment is approaching
- A key contract, lease, or judgment threatens the enterprise’s survival
- 01
Stabilize
We secure the automatic stay, protect cash collateral, and arrange debtor-in-possession financing so operations continue without interruption.
- 02
Structure
We model each restructuring scenario, engage the creditor committee privately, and design a plan of reorganization that preserves the most value for you.
- 03
Confirm
We shepherd the plan through negotiation, disclosure, and confirmation — managing timing and messaging to limit public exposure.
The work, from first day to final order.
First-day motions
Wages, utilities, cash management, and vendor relief secured in the opening days to keep the business running.
DIP financing
Negotiated debtor-in-possession facilities and cash-collateral arrangements that fund the case on favorable terms.
Plan & disclosure
A plan of reorganization and disclosure statement built to withstand scrutiny and win creditor support.
Creditor negotiation
Direct, private engagement with the committee and key lenders to build consensus ahead of confirmation.
We did not just keep the doors open — we kept the family’s name on them.
Eleanor R. Ashcroft
Managing Partner
What resolution looks like.
- Ownership and control preserved through confirmation
- Debt right-sized to sustainable, serviceable levels
- Operations and key relationships maintained throughout
Common questions.
- Will filing Chapter 11 shut down my business?
- No. Chapter 11 is designed to keep the enterprise operating. Most of our clients continue to run the business as debtor-in-possession throughout the case.
- Do I lose control of the company?
- Existing management typically remains in place. Our role is to structure a plan that protects your position while satisfying the court and creditors.
- How long does a Chapter 11 take?
- It varies with complexity, but a well-prepared case — particularly a pre-negotiated or “prepackaged” plan — can move from filing to confirmation in a matter of months rather than years.
Discuss your matter in confidence.
Every inquiry is reviewed by a senior partner and protected by attorney–client privilege from the first word.