Restructuring is the
corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a
company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure,
demerger, or a response to a crisis or major change in the business such as
bankruptcy, repositioning, or
buyout. Restructuring may also be described as corporate restructuring,
debt restructuring and financial restructuring.