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Alby Ltd. is going through a severe financial crisis. It needs to either file for bankruptcy or restructure its loans. It opts for the latter. The management decides to take a loan from the bank and help the company rebuild again.

What is this situation known as?

Restructuring of loans by taking credit from banks or other institutions is known as_____management.

asked
User Sharas
by
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2 Answers

2 votes

Answer:

debt restructuring

Step-by-step explanation:

answered
User Lazhar
by
7.7k points
4 votes
Restructuring of loans by taking credit from banks or other institutions is known as DEBT RESTRUCTURING management. In this situation, a public or private company/institution renegotiates its debts so that it would improve its liquidation process and continue its day-to-day operations. A lot of people in the global economy are actually doing such restructuring in order to help save their specific economies.
answered
User Chuck Adams
by
8.6k points
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