Pros and cons of debt restructuring (developmental economics)

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ykl28

Economics

Description

Please write three or four main points for each pro and con. Keep the points short with a brief explanation each, in economics terminology (please only do this task if you have studied economics).

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Explanation & Answer

Hi! i included as more points to give you a variety. Please feel free to contact me any time

Running head: DEBT RESTRUCTURING

Pros
1. Consolidate existing debts- consider a case in which a business is paying back two or more
loans on a monthly basis, this will result to the business juggling around the various repayments
that can consume a lot of time and other resources . In this case, debt restructuring can help
reduce the number of monthly repayments you have to keep track. This can be achieved through
consolidation of the payments into one.

2. Enables a business to plan its finances more easily- it becomes ...


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