Why Debt Restructuring, And Not Anything Else

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Why Debt Restructuring, And Not Anything Else

mistermeow Rep Points:

Posted on September 4, 2009 at 12:42 am

And can you kindly explain why debt restructuring is used as an option to relieve business debt?

Lurker (Guest) Rep Points:

Posted on September 4, 2009 at 1:40 am

In regard to why debt restructuring, and not anything else--Companies resort to this tactic in order to prevent adding on to further liabilities, which may result to foreclosure and liquidation of their assets. They also also do this in order to default on the debts that they still have

Hizzywizzy (Guest) Rep Points:

Posted on September 4, 2009 at 2:07 am

what's debt restructuring anyway??

Karess Rep Points:
moderator

Posted on September 4, 2009 at 2:31 am

To answer, why debt restructuring...Debt restructuring is the process that companies with outstanding debt obligations use, as mentioned earlier, to make changes or alter the terms on a credit agreement between the company and their creditors, in order to receive a certain degree of advantage or leverage.They also restructure debt in order to avail of a lower interest rate offered by the creditor.