Debt Restructuring
One of the most vital areas of corporate turnaround is debt restructuring. No company wants to have more debt than income, but unfortunately many businesses are finding themselves in this exact situation today. Having more debt than income can not only be overwhelming, but it can bring normal business operations to a halt.
Why Consider Debt Restructuring?
There are a couple of different reasons why it may be a good idea to consider debt restructuring as part of your corporate turnaround strategy. First and foremost, debt restructuring may be the difference between being able to operate the business at a normal capacity or not being able to meet business demands. The longer period of time that a business cannot be fully operational, the more itβs hurting future cash flow projections.
Another reason to consider debt restructuring is that it can provide a less expensive option than compared to bankruptcy.
At Chikol, we act quickly to assist our clients with restructuring of their debt so that they can resume normal business operations. We are able to do this by utilizing our experience as a financial operator; negotiating with creditors and exploring options with debt refinancing. We have developed extensive relationships in the lending industry in order to provide our clients with as many options as possible.