Debt restructuring can help solve cash-flow issues and relieve financial distress. It is a process of renegotiating debts to re-establish solvency. Companies can use this tactic to avoid defaulting on existing debts or to take advantage of a lower interest rate.
A list of all outstanding debts that includes the amount owed, the monthly repayments and the interest due will give a clear picture before beginning the restructuring process. The end result should be a better financial situation that will carry you into the future.
Debt restructuring can occur in several ways and is usually a more viable alternative than bankruptcy. But, it can be a lengthy and detailed process and most business owners should not go it alone.