Restructuring Agreement
/rɪˈstrʌktʃərɪŋ əˈɡriːmənt/
Definitions
- (n.) A legally binding document that outlines the terms and conditions under which a debtor restructures its obligations to creditors, often to avoid insolvency or bankruptcy.
The parties entered into a restructuring agreement to modify the repayment schedule of the outstanding loan.
Forms
- restructuring agreement
- restructuring agreements
Related terms
See also
Commentary
Commonly used in corporate finance and insolvency contexts, this agreement carefully delineates creditor and debtor rights and obligations to facilitate financial recovery without formal bankruptcy proceedings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.