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Ferne Kornfeld’s Blog

Debt Restructuring in 2021

Debt Restructuring in 2021

Taking on debt is a normal part of doing business. The trouble arises when unexpected events occur outside of a typical business lifecycle, such as a pandemic or a recession. The Federal Reserve survey estimates that approximately 70% of small businesses already had outstanding debt before COVID-19. Despite assistance being provided by the government, such as unemployment benefits, stimulus checks, and the ability to defer payments on mortgages and student loans, many businesses and individuals continue to struggle. 

What is Debt Restructuring?

What is Debt Restructuring?

Debt can have a significant hindrance to your personal and professional life. Always wondering how you'll ever pay it off or if you can even afford the next payment is something no one ever wants to go through, especially with an entire company at risk. When a company...