Debt Restructuring

Debt restructuring is the alteration of existing loans due to material changes in the economy or creditworthiness of a borrower. Any decision to change the terms of a loan is based on the underlying value of the collateral. Decisions to alter an agreement could be aimed at writing down the principal loan amount, adding collateral, changing the interest rates, or changing the structure of payments. Much like appraisals for foreclosure processes, appraisals for this purpose should be completed by qualified appraisers with ample experience defending the values and with standing scrutiny from either side.

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