Debt Restructuring

Debt Restructuring

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Debt restructuring is a process that allows a private or public company - or a sovereign entity - facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is referred to as refinancing. Out-of court restructurings, also known as workouts, are increasingly becoming a global reality. A debt restructuring is usually less expensive and a preferable alternative to bankruptcy. The main costs associated with a business debt restructuring are the time and effort to negotiate with bankers, creditors, vendors and tax authorities. Debt restructurings typically involve a reduction of debt and an extension of payment terms.show more

Product details

  • Paperback | 84 pages
  • 152 x 229 x 5mm | 136g
  • Flu Press
  • United States
  • English
  • 6136718162
  • 9786136718163