Yes. Debt restructuring allows a company to renegotiate its obligations with creditors — extending terms, reducing rates, or agreeing settlements — without triggering a formal insolvency process. In Ireland, SCARP is also available as a formal but court-free rescue mechanism for small companies. The key requirement is that the business must be fundamentally viable — i.e., capable of generating sufficient cash flow to service restructured debts going forward. A corporate advisor will assess viability, engage with creditors on the company’s behalf, and negotiate terms that allow the business to survive. Liquidation should always be a last resort, not a first response.
