Debt restructuring involves renegotiating the terms of a business’s existing debt obligations to make them more manageable. This can mean extending repayment periods, reducing interest rates, converting debt to equity, or agreeing a partial write-down with lenders. In Ireland, this process is usually led by a corporate advisor who acts as an intermediary between the company and its creditors. It’s typically used when a business is viable but temporarily unable to service its debt. A successful restructuring allows the company to continue trading and avoid insolvency proceedings entirely.
