Restructuring is one of the most common ways to get a company out of both temporary and more serious problems. Significant transformations in the structure and organization of the company, as well as its assets and liabilities, allow to reduce operating costs and increase competitiveness. Implementing the right changes can even protect the company from bankruptcy, but to ensure that everything is in compliance with the law, the whole process should be supervised by experienced professionals.

Expert advice on restructuring

Most companies decide to restructure in a situation where the financial condition of the company is so serious that it is not possible to repay the debt within the time limit set by the creditor. Negotiations are therefore conducted with the help of analysts, financial advisors and lawyers, with the aim of extending repayment times and even reducing debt. This is a solution used in many industries, but in order to be successful, it is necessary to take action as soon as possible. It is a good idea to use the assistance of professional consulting companies that provide comprehensive legal, financial and audit services. Thanks to this, you can be sure that the company is in good hands, and in addition, you do not need to waste time on searching for competent people with experience in carrying out restructuring.

Restructuring plan and follow-up

It is worth noting that all actions require the prior preparation of a restructuring plan, which must be adapted to the individual situation of the company. The plan usually involves both short and long term objectives, which are ultimately intended to help achieve the company's strategic objectives. Experienced advisors will help you investigate the level of insolvency and, consequently, how to implement a savings programme aimed at improving cash flow and ultimately restoring viability. In addition to the aforementioned negotiations on debt deferral and possible debt reduction, advisors will give advice on how to convert debt into equity and how to change the capital structure of the company. Additionally, financial reviews and reports on reorganization and monitoring are prepared. All activities are carried out in accordance with the provisions of the restructuring law, and above all are aimed at gaining time to recover from the problems, raise funds for further operation and regain confidence.