Involving multiple levels of planning and strategy, a corporate restructuring effort is best overseen by an attorney with extensive experience in that area.

1. What Is Involved in a Corporate
Restructuring?
By Suzzanne Uhland

2. Corporate Restructuring
● Involving multiple levels of planning and
strategy, a corporate restructuring effort is
best overseen by an attorney with extensive
experience in that area.
● Whenever a business experiences significant
financial hardships and cannot continue
making timely payments on outstanding
accounts, its leadership may decide to
consolidate its debt and seek an adjustment
of terms.

3. ● Typically, when a company goes into Chapter 7
bankruptcy, it dissolves as a corporation and
liquidates its assets for the benefit of its
creditors.
● On the other hand, if a company’s business
would be on solid footing were it not suffering
under its set of current liabilities, it may seek
protection under Chapter 11 bankruptcy law, in
which case the court will consider a request for
a restructuring that can ultimately provide an
acceptable outcome to all stakeholders.
Bankruptcy

4. Involvement
● Restructuring can result in major
modifications to the debt itself, as well as
to the operating procedures of the
business.
● Attorneys representing such a company will
work to create a restructuring that
minimizes or removes the financial peril
involved and allows the company to place
itself back on the road to solvency.