Chapter 11 Bankruptcy in Oklahoma City
Bankruptcy Lawyer Representing Struggling Businesses
Trying to run a business and keep it afloat while dealing with everyday operations is difficult enough. If you are struggling with your finances and collection attempts, it may be time to seek legal advice.
At McBride & Associates, we strive to help businesses in Oklahoma City and throughout the state seek relief from debt and creditors. We are here to help you decide if filing for bankruptcy is right for you so you can focus on your day-to-day operations.
Filing for Chapter 11 Bankruptcy
Chapter 11 bankruptcy is a form of bankruptcy that is used to reorganize:
- The business debt
- Business affairs
- And its assets
This type of bankruptcy is used by businesses to give them a fresh start and stay active while repaying creditors. During the Chapter 11 bankruptcy process, you work with your lawyer to form a reorganization plan.
This plan entails how you will work to keep your business alive while you pay back your creditors. Once we have finished drafting a plan, it must be approved by the bankruptcy court. We are committed to working with you step by step to ensure the entire process goes smoothly.
What Are the Benefits of Chapter 11 for Your Business?
Apart from allowing you to continue your business operations, a few benefits of filing for Chapter 11 may include:
- Giving you more time to catch up on payments
- Ability to negotiate the amount you owe
- Lengthen the amount of time you can repay your loans
- Stops creditor harassment and collections
"THANK YOU McBride & Assoc !!! :)"Not only is the entire "family" of McBride & Associates professional, they are outstandingly friendly. They complement one another, working amazingly well together to exceed all of my legal needs and inquiries in a very timely manner. Highly recommended. THANK YOU McBride & Assoc !!! :)- Douglas
"I highly recommend David McBride. He will listen to you."I first met David when he was with his elderly father. I noticed how kind he was to his dad. I also noticed that David made sure his dad’s opinions were listened to and validated. I thought, “I like this guy. He is a good man.” Then I found out David was an attorney. I have not lived in the OKC/Edmond area for very long, and I didn’t know any attorneys. However, I needed one. Isn’t it funny how the universe places the right people in your path at the right time? I had co-signed my daughter’s mortgage. She became unable to pay her monthly payment and was too embarrassed to let me know. It was at that point I should have got legal counsel, but I didn’t. Things progressed without her or me doing anything right in this situation. The house went up for Sheriff’s sale. I was afraid I was going to end up owing a lot of money. However, David worked everything out to a happy ending. I highly recommend David McBride. He will listen to you. He will explain things in terms you can understand. He will give you all the options to consider. He is fair in his billing. I recommend David McBride.- Shelley
"We cannot thank you enough, David McBride."My wife and I have a "blended" family. We reached out to McBride and Associates to build an estate plan that would benefit our entire family and be "fair" to all parties...that sounds dry and hum-drum...but we wanted to be able to take out all of the drama and mystery of dividing up our estate after our (very much hopefully in the distant future) death. Their team put together a plan that works for everyone. We can not thank you enough, David McBride.- Robert
"You'll be in good hands here."Mr. McBride knows estate planning inside and out, and it helps that he makes the process so easy for his clients. You'll be in good hands here.- Hans
"If I ever need additional legal assistance, David McBride will be the first attorney I turn to."David McBride is an excellent attorney. I cannot thank him enough for putting me at ease and for resolving my legal problems.On occasion when I needed to contact him and he was not available, his staff were amazingly helpful, and David promptly followed up with me even though his staff had already addressed my concerns. If I ever need additional legal assistance, David McBride will be the first attorney I turn to.- Leslie
"Thank you, David and Jay for all that you did for us."I highly recommend David McBride for his legal services. My family hired David for our first bankruptcy case. My Husband and I have been very, very satisfied. Not only does he possess immense patience and compassion, but is also very intelligent and well spoken. From the moment I spoke with him, I knew that he was there to look out for his clients' best interest rather than his own. I've heard my share of lawyer horror stories and have always been very cautious when approaching them. I am ecstatic that we were able to find a lawyer who is motivated by sound ethics, as they are often very difficult to come by. I highly recommend David McBride. I also want to say a huge thank you to Jay, Mr. McBride's Legal Assistant. He helped to make sure that we had everything we needed and made sure that everything was taken care. Thank you, David and Jay for all that you did for us.- Zane
"Excellent services provided."Excellent services provided....David and his staff did a great job with our personal and business needs. Highly recommend McBride & Associates!- Ted
"Great group of professionals."From the receptionist to the completion... Great group of professionals that "listen to your story and design a plan to meet your needs!"- Sherilynn
How Do You Qualify for Chapter 11 Bankruptcy?
If you are unsure whether this chapter of bankruptcy is right for you or whether you qualify, turn to our knowledgeable legal team.
In order to qualify, your business must be:
- A limited company
- And not any type of government entity
Small Business Bankruptcy Lawyer in Oklahoma City
We know that trying to file for bankruptcy on your own can be both confusing and stressful. You likely have a lot of questions on your mind in regard to your business operations and personal assets.
Instead of trying to navigate the process on your own or relying on unreliable information on the internet, turn to our Oklahoma City chapter 11 bankruptcy attorneys. With 27+ years of experience, we are here to help you learn about your options and determine if bankruptcy is right for you.
We are a debt relief agency located in Edmond. We help people file for bankruptcy relief under the Bankruptcy Code. If you need helping to file a Chapter 7, Chapter 11, or Chapter 13 bankruptcy, reach out to us today!