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: --
It is the world's biggest debt restructuring deal, affecting some 206bn of bonds.
According to the company, the promoters have brought in as contemplated in the corporate debt restructuring scheme.
The company was turned over to its creditors in 2010 following a debt restructuring agreement.
As of 2009 the firm was handling over 2,000 new debt restructuring cases each month.
The taxation system was reformed, and external debt was brought to more manageable levels by debt restructuring and sensible fiscal management.
It may be negotiated during a debt restructuring moratorium, as described above, or in the course of bankruptcy proceedings.
Individual debtor countries may reach separate debt restructuring agreements with different groups of creditors, including groups of international banks or groups of governments of creditor countries as appropriate.
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.
