for questions that relate to debt restructuring. Debt restructuring is replacement of old debt by new debt when not under financial distress. It is recommended to include a country tag, laws in different countries and states can vary.

Debt restructuring is a process that allows a person, company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it can continue its operations.

Debt restructuring - From Wikipedia