debt restructuring definition

debt restructuring

Court ordered or mutual agreement, between a financially troubled firm and its creditors, to reorganize its liabilities as a more feasible alternative to foreclosure or liquidation. Debt restructuring may involve debt forgiveness, debt rescheduling, and/or conversion of a portion of debt into equity.

debt restructuring is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.

debt restructuring appears in the definition of the following term: Brady bonds

debt restructuring appears in these other term: troubled debt restructuring

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