restructuring plan
Corporate turnaround strategy
A restructuring plan is a formal proposal for reorganizing a company's operations, finances, or debt obligations.
Businesses facing financial distress develop restructuring plans to avoid bankruptcy or emerge from it: The airline's restructuring plan included layoffs and route cuts.
Such plans typically require approval from creditors, shareholders, or courts.
- reorganizationChanging how something's arranged
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- cramdownJudicial override of creditor dissent
- debt consolidationCombining multiple balances owed
debt relief · turnaround strategy · liquidation · fire sale · workout · haircut · mergers · competitive analysis · refinancing · downsizing · belt tightening · resource allocation · financial distress · fresh start · cutbacks · streamlining · acquisition · austerity
restructuring planbusiness as usual
Continuation of normal routine
status quo · steady state · standing pat · continuity · stability