April 24, 2019 Harry Harmon

Debt restructuring – debt cancellation or debt consolidation, which consists in extending the repayment period, suspension of repayment of installments for a specified period of time, or the granting of a completely new loan that will allow to repay the existing debt. The purpose of debt restructuring is the final return of the debt. Lack of repayment of the debt incurred in time leads to entering the borrower on the list of unreliable and unreliable contractors, which results in the creation of a negative credit history. As a result, it leads to problems with obtaining a loan or loan in…