# Out-of-Court Restructuring

**IRI:** https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG

## Labels

**Preferred Label:** Workout Restructuring

**Alternative Labels:**

- Out-of-Court Restructuring
- Workouts
- OOCRSTR

**Translations:**

- de-de: außergerichtliche Restrukturierung
- en-gb: Out-of-Court Restructuring
- es-es: Reestructuración extrajudicial
- es-mx: Reestructuración extrajudicial
- fr-fr: restructuration extrajudiciaire
- he-il: מתן חוזים חוץ מגירעון להיערכות מחדש
- hi-in: आउट-ऑफ-कोर्ट रीस्ट्रक्चरिंग
- ja-jp: 裁判所外再編
- pt-br: reestruturação extrajudicial
- zh-cn: 法院外重组

**Hidden Label:** OOCRSTR

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7LI3BONqNkXbKHKa0t3jyI

## Parent Class Of

- https://folio.openlegalstandard.org/R7yULiuUW6FwlVvfIPt13We
- https://folio.openlegalstandard.org/RBzBDWMpZCOFGTjRpx1wKEH
- https://folio.openlegalstandard.org/RgHKgBYfidbNNddNK2ube4

## See Also

- https://folio.openlegalstandard.org/R7Jo3gp8LjhpdJNXYE9ow95

**Deprecated:** False

**Identifier:** B-OOCRSTR