Dean Truitt, Workflow One president and chief executive, doesn’t expect the company’s filing for Chapter 11 bankruptcy protection to affect its Dayton headquarters and its more than 400 local employees.

But he also acknowledged, “Ultimately there could be some changes, I assume.”

WF Capital Holdings Inc., parent company of Workflow Management Inc., on late Wednesday filed for protection from creditors in Norfolk, Va. with a plan to restructure the companies’ senior debt.

“For this filing, we really don’t see any impact,” Truitt said. “This is pretty narrowly focused just on our capital structure and restructuring corporate debt.”

Workflow One, a provider of marketing products and document services, has more than 400 employees in its East Monument Avenue headquarters. The company’s $27 million downtown home was a Dayton and Montgomery County Port Authority project in 2001, built for its corporate predecessor, Relizon.

Jerry Brunswick, Dayton-Montgomery County Port Authority executive director, said the port authority has no direct credit exposure on the building. “We’re certainly not a debtholder when it comes to that building,” he said.

Truitt said the firm’s operations were in “good standing,” with earnings before taxes, interest and depreciation up 26 percent this year over last.

But Jeff Morris, a professor with the University of Dayton School of Law, said that in any Chapter 11 proceeding, the final shape of a restructured, post-bankruptcy company will be determined by the company, its creditors and the court.

“It’s an shared enterprise,” Morris said. “The fact of the matter is creditors have a right to vote on a (restructuring) plan.”

Truitt said Workflow Management made some 30 acquisitions over the last six years, in some cases going into debt to make those acquisitions or taking on companies saddled with their own debt. Talks with debtholders have been going on for about three years, he said.

“The debt grew, and some of that ... became due,” the CEO said.

A company spokeswoman could not immediately say how much debt the company has. The company’s bankruptcy filing puts the amount of “second lien lender claims” at about $205 million, plus interest. The filing labels treatment of first-lien loans “to be determined.”

Getting debt under control is the “most optimum” use of Chapter 11, Morris said.

Filing almost immediately stops interest increases on debt, which for a business is like “getting a raise,” he said.