'''Debt restructucing''' is a plan for [[business]], which is made to make possible to continue business operation without danger of debts. It is usually cheaper and safer than [[bankruptcy]]. Let me explain the words “cheaper” and “safer.” The only cost associated with a business debt restructuring is the time to negotiate with bankers, creditors, tax authorities and suppliers.
The payoff is large. In [[United States]], one can expect on average a 45% discount of debts. Chapter 11 bankruptcy costs at least $50,000 in lawyer and court fees and six figures is more likely. Some studies measure, that only 1 out 5 firms will survive the Chapter 11 filing.
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