Credit Card Debt, Inc. DEBT RESTRUCTURING, Specialists in 24/7 Credit Counselors by Debt Counseling Programs

DEBT RESTRUCTURING

 

 

Better incentives for debtors and creditors to agree on prompt, orderly and predictable restructuring of unsustainable debt are needed. Domestic bankruptcy law serves as a useful model in the insolvency context, but the applicability of the corporate model is limited by the unique characteristics of a sovereign state. Considerable work has been done to identify "best practices" in core areas. Properly adapted, many of the following key features could be incorporated into the design of a sovereign debt restructuring mechanism ("SDRM").

 

 

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