Phrases with «debt restructuring»

Debt restructuring refers to the process of making changes to the terms and conditions of a debt agreement. It usually happens when a borrower is facing difficulty in repaying their debts. The purpose of debt restructuring is to negotiate new payment plans, interest rates, or extend the loan period, so that it becomes more manageable for the borrower to repay their debts. Full definition

Related phrases

Sentences with «debt restructuring»

  • A voluntary method of debt restructuring in which a person makes a lump sum payment to a financial counseling agency who distributes the funds to creditors. (bankruptcy-alternatives-information.com)
  • A second debt restructuring in 2010 brought the percentage of bonds out of default to 93 %, but some creditors have still not been paid. (en.wikipedia.org)
  • Other alternatives include debt restructuring, bankruptcy (as a last resort), and formal proposal. (lifeoncredit.ca)
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