Debt restructuring refers to avoiding the risk of default on existing debt or lower available interest rates. Individuals on the brink of insolvency also restructure their debt. Debt Restructuring is a process used by an individual or by a company facing cash flow problems & financial distress to avoid the risk of default to restore its liquidity so that it can continue its operations.
To get out of debt you need a plan and you need to execute that plan. To help, the Lin International team shares these 5 ways you can approach how to pay off debt and leave some, if not all, of your financial burden behind.