Debt restructuring can offer a number of benefits to businesses and individuals who are struggling to repay their debts. By negotiating new terms with creditors, borrowers can often reduce their monthly payments, lower their interest rates, and extend the repayment period. This can make it easier to stay current on debt obligations and avoid default. In some cases, debt restructuring can also lead to a reduction in the total amount owed. If you are considering debt restructuring, be sure to speak with a financial advisor to explore all of your options and find the solution that best meets your needs.
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