The basic nature of restructuring is a zero sum game. Strategic restructuring reduces financial losses, while simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation. The most important aspect of any successful restructuring is to obtain support from lenders and other debt holders so you can complete the turnaround process. Obtaining support from lenders, in order to continue to fund operations or restructure debt, is often the difference between a successful turnaround and being forced into bankruptcy or liquidation.
Do you have enough creditability with your Lenders that they will support your restructuring plan?