Job description

Restructuring refers to the activities required to rescue a company that is experiencing financial difficulties in order to restore its ability to trade as a going concern.

Restructuring specialists are often experienced qualified accountants (and certified insolvency practitioners) who are called in by a board of directors who have failed to turn a company around without external support.

Duties include:

• Working alongside clients in order to understand their financial situation.
• Detailed business reviews.
• Working with clients operating under administration and assuming operational control with the aim of rescuing the company as a going concern.
• Recovering debts and dealing with creditors.
• Liquidating or winding up companies where necessary to obtain the best possible outcome for creditors.

Qualifications

Restructuring specialists are qualified financial professionals. To be a licensed insolvency practitioner you must also pass the exams administered by the Joint Insolvency Examinations Board (JIEB).

Debt Restructuring

In financial markets, debt restructuring refers to the process of a financially distressed organisation renegotiating and reducing its debts in order to provide the capital and conditions required to continue trading. Debt restructuring can be achieved in a number of ways, including refinancing and debt for equity swaps.