--- a/lib/debugobjects.c
+++ b/lib/debugobjects.c
@@ -216,10 +216,6 @@ static struct debug_obj *__alloc_object(
 	return obj;
 }
 
-/*
- * Allocate a new object. If the pool is empty, switch off the debugger.
- * Must be called with interrupts disabled.
- */
 static struct debug_obj *
 alloc_object(void *addr, struct debug_bucket *b, const struct debug_obj_descr *descr)
 {
@@ -552,11 +548,49 @@ static void debug_object_is_on_stack(voi
 	WARN_ON(1);
 }
 
+static struct debug_obj *lookup_object_or_alloc(void *addr, struct debug_bucket *b,
+						const struct debug_obj_descr *descr,
+						bool onstack, bool alloc_ifstatic)
+{
+	struct debug_obj *obj = lookup_object(addr, b);
+	enum debug_obj_state state = ODEBUG_STATE_NONE;
+
+	if (likely(obj))
+		return obj;
+
+	/*
+	 * debug_object_init() unconditionally allocates untracked
+	 * objects. It does not matter whether it is a static object or
+	 * not.
+	 *
+	 * debug_object_assert_init() and debug_object_activate() allow
+	 * allocation only if the descriptor callback confirms that the
+	 * object is static and considered initialized. For non-static
+	 * objects the allocation needs to be done from the fixup callback.
+	 */
+	if (unlikely(alloc_ifstatic)) {
+		if (!descr->is_static_object || !descr->is_static_object(addr))
+			return ERR_PTR(-ENOENT);
+		/* Statically allocated objects are considered initialized */
+		state = ODEBUG_STATE_INIT;
+	}
+
+	obj = alloc_object(addr, b, descr);
+	if (likely(obj)) {
+		obj->state = state;
+		debug_object_is_on_stack(addr, onstack);
+		return obj;
+	}
+
+	/* Out of memory. Do the cleanup outside of the locked region */
+	debug_objects_enabled = 0;
+	return NULL;
+}
+
 static void
 __debug_object_init(void *addr, const struct debug_obj_descr *descr, int onstack)
 {
 	enum debug_obj_state state;
-	bool check_stack = false;
 	struct debug_bucket *db;
 	struct debug_obj *obj;
 	unsigned long flags;
@@ -572,16 +606,11 @@ static void
 
 	raw_spin_lock_irqsave(&db->lock, flags);
 
-	obj = lookup_object(addr, db);
-	if (!obj) {
-		obj = alloc_object(addr, db, descr);
-		if (!obj) {
-			debug_objects_enabled = 0;
-			raw_spin_unlock_irqrestore(&db->lock, flags);
-			debug_objects_oom();
-			return;
-		}
-		check_stack = true;
+	obj = lookup_object_or_alloc(addr, db, descr, onstack, false);
+	if (unlikely(!obj)) {
+		raw_spin_unlock_irqrestore(&db->lock, flags);
+		debug_objects_oom();
+		return;
 	}
 
 	switch (obj->state) {
@@ -607,8 +636,6 @@ static void
 	}
 
 	raw_spin_unlock_irqrestore(&db->lock, flags);
-	if (check_stack)
-		debug_object_is_on_stack(addr, onstack);
 }
 
 /**
@@ -648,14 +675,12 @@ EXPORT_SYMBOL_GPL(debug_object_init_on_s
  */
 int debug_object_activate(void *addr, const struct debug_obj_descr *descr)
 {
+	struct debug_obj o = { .object = addr, .state = ODEBUG_STATE_NOTAVAILABLE, .descr = descr };
 	enum debug_obj_state state;
 	struct debug_bucket *db;
 	struct debug_obj *obj;
 	unsigned long flags;
 	int ret;
-	struct debug_obj o = { .object = addr,
-			       .state = ODEBUG_STATE_NOTAVAILABLE,
-			       .descr = descr };
 
 	if (!debug_objects_enabled)
 		return 0;
@@ -664,8 +689,8 @@ int debug_object_activate(void *addr, co
 
 	raw_spin_lock_irqsave(&db->lock, flags);
 
-	obj = lookup_object(addr, db);
-	if (obj) {
+	obj = lookup_object_or_alloc(addr, db, descr, false, true);
+	if (likely(!IS_ERR_OR_NULL(obj))) {
 		bool print_object = false;
 
 		switch (obj->state) {
@@ -698,24 +723,16 @@ int debug_object_activate(void *addr, co
 
 	raw_spin_unlock_irqrestore(&db->lock, flags);
 
-	/*
-	 * We are here when a static object is activated. We
-	 * let the type specific code confirm whether this is
-	 * true or not. if true, we just make sure that the
-	 * static object is tracked in the object tracker. If
-	 * not, this must be a bug, so we try to fix it up.
-	 */
-	if (descr->is_static_object && descr->is_static_object(addr)) {
-		/* track this static object */
-		debug_object_init(addr, descr);
-		debug_object_activate(addr, descr);
-	} else {
-		debug_print_object(&o, "activate");
-		ret = debug_object_fixup(descr->fixup_activate, addr,
-					ODEBUG_STATE_NOTAVAILABLE);
-		return ret ? 0 : -EINVAL;
+	/* If NULL the allocaction has hit OOM */
+	if (!obj) {
+		debug_objects_oom();
+		return 0;
 	}
-	return 0;
+
+	/* Object is neither static nor tracked. It's not initialized */
+	debug_print_object(&o, "activate");
+	ret = debug_object_fixup(descr->fixup_activate, addr, ODEBUG_STATE_NOTAVAILABLE);
+	return ret ? 0 : -EINVAL;
 }
 EXPORT_SYMBOL_GPL(debug_object_activate);
 
@@ -869,6 +886,7 @@ EXPORT_SYMBOL_GPL(debug_object_free);
  */
 void debug_object_assert_init(void *addr, const struct debug_obj_descr *descr)
 {
+	struct debug_obj o = { .object = addr, .state = ODEBUG_STATE_NOTAVAILABLE, .descr = descr };
 	struct debug_bucket *db;
 	struct debug_obj *obj;
 	unsigned long flags;
@@ -879,31 +897,20 @@ void debug_object_assert_init(void *addr
 	db = get_bucket((unsigned long) addr);
 
 	raw_spin_lock_irqsave(&db->lock, flags);
+	obj = lookup_object_or_alloc(addr, db, descr, false, true);
+	raw_spin_unlock_irqrestore(&db->lock, flags);
+	if (likely(!IS_ERR_OR_NULL(obj)))
+		return;
 
-	obj = lookup_object(addr, db);
+	/* If NULL the allocaction has hit OOM */
 	if (!obj) {
-		struct debug_obj o = { .object = addr,
-				       .state = ODEBUG_STATE_NOTAVAILABLE,
-				       .descr = descr };
-
-		raw_spin_unlock_irqrestore(&db->lock, flags);
-		/*
-		 * Maybe the object is static, and we let the type specific
-		 * code confirm. Track this static object if true, else invoke
-		 * fixup.
-		 */
-		if (descr->is_static_object && descr->is_static_object(addr)) {
-			/* Track this static object */
-			debug_object_init(addr, descr);
-		} else {
-			debug_print_object(&o, "assert_init");
-			debug_object_fixup(descr->fixup_assert_init, addr,
-					   ODEBUG_STATE_NOTAVAILABLE);
-		}
+		debug_objects_oom();
 		return;
 	}
 
-	raw_spin_unlock_irqrestore(&db->lock, flags);
+	/* Object is neither tracked nor static. It's not initialized. */
+	debug_print_object(&o, "assert_init");
+	debug_object_fixup(descr->fixup_assert_init, addr, ODEBUG_STATE_NOTAVAILABLE);
 }
 EXPORT_SYMBOL_GPL(debug_object_assert_init);
 
