Debt restructuring

Debt restructuring covers measures that adjust a debtor’s payment obligations, maturities, security or capital structure so that the debtor can continue operating or satisfy creditors more effectively. In Switzerland it may occur informally through standstill agreements, refinancing or creditor negotiations, or formally through composition proceedings under debt enforcement and bankruptcy law. It is distinct from simple debt collection: the aim is a sustainable arrangement, often requiring creditor consent and court or authority supervision in formal cases.