Bankruptcy Restructuring Administration

Bankruptcy Restructuring Administration is a legal process that helps financially troubled businesses reorganize and manage their debts while continuing operations. When a company is unable to pay its debts, it can seek protection under the bankruptcy laws. During this time, a court-appointed administrator oversees the restructuring, allowing the business to negotiate with creditors, reduce debts, and create a sustainable plan. The goal is to stabilize the company, preserve jobs, and ultimately return it to profitability, rather than liquidating assets or shutting down completely.