The court makes the majority of the decisions during Chapter 11 while the business owner, or debtor in possession, keeps the business running. Some of the things that require court approval are as follows: Which of the debtor’s assets need to be sold, Creating or breaking a lease, Financial arrangements that allow the debtor to receive loans, Whether the business needs to expand or shut down, Creating and modifying any business contracts or agreements, Retaining and using business expenses to pay attorneys and other bankruptcy professionals.