Executive Summary
During the Covid-19 pandemic, many companies have been meeting their cash needs through existing lines of credit. But these will soon run out and those with highly leveraged balance sheets will need to undergo a financial restructuring in which the key contracts with financial stakeholders are renegotiated. This article describes the out-of-court and in-court (Chapter 11) measures that companies can take to achieve a financial restructuring. The best outcomes leave the company potentially more valuable than it was before.
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Government resp…
Read the full article at: https://hbr.org/2020/06/a-primer-on-restructuring-your-companys-finances