Debt Restructuring

Debt restructuring is the process of renegotiating the terms of existing loans or obligations to reduce financial pressure. This could involve securing lower interest rates, extending repayment periods, or altering repayment terms. It’s a way for you to regain control of your personal and household finances without resorting to formal debt agreements or personal insolvency.

It’s important to remember that debt restructuring can be a more cost-effective and flexible solution to bankruptcy—benefiting both you and the lender.

People will typically consider debt restructuring when they are facing serious financial strain. The process may involve:

• Reducing interest rates on outstanding debts.
• Extending repayment timelines.
• Converting short-term debt into long-term obligations.
• Reworking payment schedules to better suit household cash flow.

These strategies can significantly improve the ability to repay debts and freeing up money for day-to-day expenses. For lenders, debt restructuring often results in better outcomes than bankruptcy as it increases the likelihood of you meeting your obligations with them.

If you’re personally struggling financially, there are options. Individuals can negotiate directly with creditors or engage a qualified debt specialist to help:

• Renegotiate personal loans or mortgages.
• Consolidate debts for easier management.
• Restructure tax or government liabilities.

Important: Always work with trusted professionals—unfortunately, debt restructuring is an area that can attract unqualified or even fraudulent operators. It’s a good idea to check their credentials before committing to a provider.

Who qualifies for personal debt restructuring?

Anyone who is struggling to meet their regular debt obligations and has a steady income source may be eligible. This includes employed individuals, self-employed professionals, and retirees with consistent cash flow. You don’t need to be in default to qualify—in fact, acting early can give you more options.

What types of debts can be restructured?

Common debts that can be restructured include: credit card debt, personal loans, car loans, store cards, mortgage arrears and tax debt (in some cases). Restructuring can combine these debts into a single, more manageable repayment or renegotiate individual terms.

Will debt restructuring affect my credit rating?

Debt restructuring can appear on your credit rating report and may temporarily lower your score. However, it’s generally less damaging than missed payments, defaults, or bankruptcy. In the long term, restructuring and making consistent repayments can help rebuild your credit profile.

What is the cost of personal debt restructuring?

Costs vary depending on the complexity of your situation and whether you’re working with a financial adviser, debt counsellor, or legal service. At Green Associates, we offer a transparent, fixed-fee structure so you know exactly what to expect before proceeding.

How long does the process take?

The initial review and proposal stage can take 1–2 weeks. Negotiations with creditors may take another few weeks depending on responsiveness. Once agreements are in place, your new repayment plan typically begins immediately and can range from several months to a few years depending on the strategy.

We’re not just number crunchers. We’re listeners, problem solvers, and partners in your financial journey. Our advisers will take a strategic, personalised approach based on your circumstances and goals. Our team understands both the technical and emotional toll financial distress can bring.

Whether it’s avoiding bankruptcy, improving cash flow, or securing your financial future, we can help you regain clarity and control.

Let’s Talk

If you are under financial pressure, now is the time to explore your options. Debt restructuring doesn’t have to be a last resort—it can be the first step towards long-term stability.

Book a confidential consultation and discover how we can support you.