A troubled debt restructuring can only be accomplished through a continuation with modification of debt terms where the original loan is cancelled and a new loan agreement is signed.

Question

Quizplus · Accepted Answer

A troubled debt restructuring can involve various methods, including the modification of the terms of the original loan without cancelling it, or the exchange of new debt securities for the existing ones, among others. Cancelling the original loan and signing a new agreement is only one possibility.

A Troubled Debt Restructuring Can Only Be Accomplished Through a Continuation