Flint Chapter 11 Bankruptcy Lawyer
One of the Best Chapter 11 Bankruptcy Attorneys in Flint, MI
Office Location
1324 W Bristol Rd
Flint, MI 48507
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 by phone only
Appointments as late as 6:30 Mon-Th by phone only
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Flint Chapter 11 Bankruptcy Attorney
Filing for bankruptcy is a way out for many businesses. It allows you to fight off debt while ensuring that the wheel keeps turning. If your company or small business needs this second chance, our Flint Chapter 11 bankruptcy lawyers will gladly help you through the process.
We know the challenges you face and how overwhelming it all can be. Frego & Associates is here to help you through this difficult time. Call (810) 424-1614 today to schedule a free consultation with our Chapter 11 bankruptcy attorneys.
Did you know? As of June 2025, around 28 businesses and individuals have filed for Chapter 11 bankruptcy in Michigan. [1]
What is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy, also known as “reorganization”, is the legal procedure that allows you to operate while reorganizing and restructuring your business. The purpose of this process is to assist struggling businesses stay afloat and regain some consistency while allowing them to operate. 11 U.S.C. Chapter 11
Many businesses also opt for this to avoid liquidation, as it enables you to repay the creditors over time. Moreover, since the law has the flexibility to reduce payments or interest rates over time, it becomes an ideal option for businesses with no other way out.
While the law is federal, specific state laws apply to qualification and the general process. Though the process is not easy, our Flint Chapter 11 bankruptcy lawyers can simplify it for you.
In April of 2025, 434 businesses filed for bankruptcy in the United States, which is around 20% lower compared to 542 filings in 2024. [2]

How Does Chapter 11 Bankruptcy Work?
A Chapter 11 bankruptcy can be complicated, and the level of complication depends on the business. However, the process can be simplified into a few simple principles, which apply to businesses of all shapes and sizes.
Here is how the capture 11 bankruptcy works:
1. Petition Filing: The process begins when the business files the petition with the court. You can do this voluntarily, or your creditors may initiate an involuntary bankruptcy.
2. Debtor In Possession: Your business will continue to operate and manage assets. However, every move after that will be under court supervision; hence, it’s called “debtor in possession.”
3. Financial Disclosure: You will have to submit detailed financial information and disclose debts, assets, income, and expenses to the court and creditors.
4. Reorganization Plan: The next phase is creating a plan to restructure debts. This includes renegotiating contracts, selling assets, or downsizing in order to improve your finances.
5. Court Approval: After all the information is gathered and a reorganization plan is finalized, the court will review and confirm the plan.
6: Implementation: Once approved, your business will follow the plan to repay debts and reorganize according to the court’s orders.
What Rights Do You Have In A Flint Chapter 11 Bankruptcy?
Once a bankruptcy is filed, you may feel like you have lost control over your business. That is not true, as you have control of your business operations and the right to various other things. However, with rights also come responsibilities.
So, the following are the key rights that you will have:
- Automatic Stay Protection: Once you file for bankruptcy under Chapter 11, your business will be protected with an automatic stay. In other words, this will halt any and all lawsuits against your business.
- Control of Business Operations: The bankruptcy process allows you to resume control over your business and its assets. This means continuing day-to-day business operations while being a debtor in possession.
- Court Oversight: Selling assets or any other significant business-related decisions will be overseen by the court. This also applies when taking on new loans or forming a new reorganization plan.
- Fiduciary Duties: You will act as a fiduciary for the creditors. Therefore, you will be required to file necessary tax returns and reports similar to those of a trustee.
- Powers Similar to a Trustee: You will be a debtor in possession, but you will have the powers of a trustee. This means you will be able to account for property, examine and object to claims, file reports, and hire professionals like attorneys or accountants—all with the court’s approval.
- Right to Convert or Dismiss: You will have the right to convert the Chapter 11 case into a Chapter 7 liquidation case. This is a one-time absolute right, unless any specific exceptions apply.
- Right to Propose a Reorganization Plan: You will have the right to propose a plan to restructure your debts and business operations. This includes downsizing, renegotiating contracts, or liquidating assets.
Handling such plans can be challenging, but our Flint chapter 11 bankruptcy lawyers can help you with the steps.
Who Qualifies For Chapter 11 Bankruptcy in Flint?
Chapter 11 is used for businesses that need another chance to get things together and get their business back on its feet. While most businesses, small or large, can opt for Chapter 11, there are some minor qualifying necessities.
You can qualify to file for Chapter 11 bankruptcy if you are one of the following:
- A registered corporate entity, i.e., LLC (Limited Liability Corporation) in the United States
- Businesses with significant debt that require reorganization and restructuring
- Individuals with debts that exceed the limits of Chapter 7 and Chapter 13
- Individuals with total debt exceeding $1 million
The Filing Requirements of a Chapter 11 Bankruptcy in Flint, Michigan
Chapter 11 bankruptcy has specific requirements, as mentioned before. When you file it, the court will require an array of paperwork and important information. You will be required to pay the filing fee and sign various documents.
These are the filing requirements for Chapter 11 bankruptcy:
- Declaration about schedules
- Filing fee
- Form B122B, also called the statement of current monthly income
- List of creditors with names and addresses
- Other documents as required by the court
- Official Form B101, also called the voluntary petition form
- Summary of assets and liabilities
What Can Our Flint Chapter 11 Bankruptcy Law Firm Do For You?
Filing a Chapter 11 bankruptcy is not easy. However, the priority of our Chapter 11 bankruptcy law firm is to keep things simple and make things easier for you.
Here is what our Flint chapter 11 bankruptcy attorneys can do for you:
- Devise A Reorganization Plan: A reorganization plan is one of the toughest challenges in a Chapter 11 bankruptcy. We take this challenge off your shoulders and devise a viable plan that helps gain creditor and court approval.
- Ensure Business Continues: This is all Chapter 11 is about: keeping your business going. We strategize the legal approach to ensure your business keeps generating revenue, paying employees, and maintaining essential relationships.
- Guarantee Automatic Stay: An automatic stay halts any and all lawsuits, foreclosures, and collection efforts against your business. We ensure that the stay’s protections and limitations are well laid out for you, so you can understand them and protect your rights.
- Help Individual Filers: Chapter 11 is not only for businesses, as individuals who do not qualify for Chapter 13 can gain from it just as much. We help you make the most of it and help you through the process.
Contact our Flint chapter 11 bankruptcy lawyers to take the next steps together.
FAQs
Since 2005, Congress has amended the bankruptcy code to accommodate chapter 11 for smaller businesses. 11 U.S.C. § 101(51C). Therefore, if you have a small business, the amended code means that Chapter 11 bankruptcy is affordable for your small business.
No, in most Chapter 11 cases, the business is categorized as “debtor-in-possession.” Therefore, your existing business management will continue to operate the business and control its assets. However, any claims of mismanagement or dishonesty can lead to the court appointing a trustee.
Generally, they do not have that power as the bankruptcy code prevents creditors from terminating contracts. This applies especially if the creditors have no reason other than the fact that the business filed for bankruptcy.
Chapter 11 payment plans for smaller businesses usually last between three and five years, once the court confirms it. However, these plans can be reorganized with the court’s approval.
Sources:
[1] Court statistics | Eastern District of Michigan | United States Bankruptcy Court. (n.d.). https://www.mieb.uscourts.gov/court-statistics
[2] ABI. (n.d.). https://www.abi.org/newsroom/bankruptcy-statistics

Received Accolades:
206-2010, 2012, 2014-2021

American Bankruptcy Institute

Certified as a Bankruptcy Specialist by ABC

National Association of Consumer Bankruptcy Attorneys

Better Business Bureau
Office Location
1324 W Bristol Rd
Flint, MI 48507
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 by phone only
Appointments as late as 6:30 Mon-Th by phone only