bankruptcy restructuring

Bankruptcy restructuring is a legal process where a financially troubled company reorganizes its debts and operations to regain stability. Instead of shutting down, the company works with creditors to develop a new plan that may reduce or extend debt payments, sell assets, or modify contracts. The goal is to improve the company's financial health, ensure it can continue operating, and pay creditors in a fair way. This process provides a structured path out of financial distress, allowing the business to emerge stronger and more sustainable.