Debt Restructuring
Debt restructuring, working out a new debt repayment plan, is one remedy for consumers, governments and businesses facing cash-flow problems making them unable to pay their debts. Business restructuring usually involves a swap of debt for equity in the company. Out of court restructurings, also called workouts, are more preferable than bankruptcy … Keep Reading → filings. Learn more about debt restructuring in this Hub. Usually less expensive than bankruptcy for the debtor, in this type of troubled debt restructuring the creditor might accept less than the full amount owed or extend the payment schedule. Learn more about debt restructuring here.
