debt restructuring plans

Debt restructuring plans involve reorganizing a borrower’s financial obligations to make them more manageable. This process often occurs when an individual or organization is struggling to meet repayment terms. It may include negotiating lower interest rates, extending payment periods, or reducing the total amount owed. The goal is to provide relief and prevent default, enabling the borrower to regain financial stability while ensuring that creditors can recover some of their investments. Ultimately, debt restructuring aims to create a more sustainable financial situation for both parties involved.