0 the process of changing the form of a company's or country's debt so that it can pay what it owes later, and continue to operate:
Economists warn that some form of devaluation or debt restructuring may eventually be necessary.
1 an agreement in which a company or government that has lent money to another company or country allows it to pay back its debt in a different way or at a later time than was originally agreed:
Leiner indicated that it plans to explore debt restructuring and a sale of the company, and will continue normal operations while doing so.
In 2001, recovery was swift after completing their debt restructuring in 2000, and selling some of their subsidiaries, including those in coal mining and chemicals.
Let us think about what the consequences of debt restructuring could be.
The powers have been dormant recently as debt restructuring no longer requires their use.
Enhanced debt restructuring will help to strengthen economic recovery.
Because of the weakness in the banking system, we are hesitant about introducing the debt restructuring measures urgently needed in the weaker countries.
That is why we propose the collective action clauses and the new sovereign debt restructuring mechanism for future debts.
Because the system of debt restructuring is voluntary, and until we get the collective action clauses and the debt restructuring mechanism in place, moral suasion will remain important.
