Restructuring
Changing debts, operations or ownership arrangements to improve financial stability and avoid or manage insolvency.
Related terms
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Restructuring plan
A court-sanctioned company restructuring process under UK law that can compromise creditors or shareholders and, in some cases, bind dissenting classes.
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Business rescue
A strategy aimed at preserving a viable business, its operations or value while dealing with unsustainable debt or financial pressure.
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Pre-insolvency negotiation
Negotiating with creditors before formal insolvency to seek time, settlements or restructuring while more options may still be available.
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