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CHAPTER 11
When an Oklahoma business encounters severe financial problems, it must seek potential solutions much like any individual consumer. One of those options is filing for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code.Unlike Chapter 7 and Chapter 13 bankruptcy, a Chapter 11 filing is usually done by a business looking for debt relief. Below you’ll find information regarding how a Chapter 11 bankruptcy case gets started, how it progresses through the hearings and documentation heavy phases, how a disposition is reached and ultimately how you should proceed if your
business needs to find a way out from under mounting financial pressure.

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