FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RgHKgBYfidbNNddNK2ube4
Label Individualized Restructuring
Preferred Label N/A
Identifier N/A
Alternative Labels
Contract-Based Restructuring Contractual Debt Adjustment Private Debt Restructuring Private Negotiated Restructuring

Definition

Individualized restructuring involves private negotiations between a debtor and one or more creditors to modify the terms of existing debt agreements. This process allows parties to tailor solutions to their specific needs without court intervention, often resulting in revised payment schedules, reduced interest rates, or partial debt forgiveness.

Class Relationships

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available