Year: 2024
Type: article
Abstract: This work is dedicated to the study of debt restructuring as an effective alternative to bankruptcy proceedings. A real-life situation involving the Ivanov family, who faced financial difficulties and the threat of bankruptcy, is examined as a case study. The analysis explores the main mechanisms and strategies for debt restructuring that allow for the preservation of assets and avoidance of the negative consequences of bankruptcy. The paper covers the legal aspects, conditions, and consequences of the restructuring process, as well as successful examples of these mechanisms in practice. We analyze how debt restructuring helped the Ivanovs implement a plan to overcome their financial crisis while maintaining their family business and stability. In conclusion, we highlight the importance of being informed about the opportunities for debt restructuring and the necessity of consulting professional advisors in order to achieve the best outcomes in challenging financial situations. The goal of the work is to demonstrate that, with the right approach, debt restructuring can be the optimal option for individuals and legal entities seeking to preserve their assets and overcome financial difficulties.
Source: Management Accounting
Institution: North Caucasian State Academy
Language: Russian
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7218296995