Workout Restructuring

Identification

IRI 📋

https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG

Label (rdfs)

Out-of-Court Restructuring

Preferred Label

Workout Restructuring

Alternative Labels

Out-of-Court Restructuring, Workouts, OOCRSTR

Identifier

B-OOCRSTR

Definition and Examples

Definition

An out-of-court restructuring or workout is a nonjudicial process through which a financially troubled company and its significant creditors reach an agreement for adjusting the company's obligations.

Examples

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Translations

Class Relationships

Sub Class Of

• Bankruptcy and Financial Restructuring Practice

Parent Class Of

• Receivership Creation
• Assignment for the Benefit of Creditors
• Individualized Restructuring

Is Defined By

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See Also

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Additional Information

Comment

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Description

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Notes

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Deprecated

False

Metadata

History Note

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Editorial Note

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In Scheme

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Source

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Country

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