Debt restructuring
Not every company in difficulty needs to go bankrupt. If the business is viable but the debt load is not, restructuring may save it.
What is debt restructuring?
Debt restructuring means reorganising a company’s obligations — through negotiations with creditors or through formal court-supervised reorganisation proceedings (saneerimine) under Estonian law — so that the company can keep operating while debts are repaid on revised terms: extended schedules, reduced amounts, or converted obligations.
When is restructuring the right choice?
Restructuring makes sense when three things are true: the core business still generates (or can generate) positive cash flow; the difficulties are caused by debt load, one-off setbacks or temporary market conditions rather than a failed business model; and the company acts early, while there is still something left to restructure. If insolvency is already permanent and the business has no realistic future, restructuring only delays the inevitable and can increase the board’s liability — in that case, we will tell you directly.
What we do
• Viability analysis — an honest financial assessment of whether the business can be saved
• Restructuring plan — realistic cash-flow projections and a repayment plan creditors can actually accept
• Creditor negotiations — we prepare the materials and support the negotiations with banks, suppliers and the Tax and Customs Board
• Formal reorganisation proceedings — where court-supervised reorganisation is appropriate, we prepare the application and work alongside your legal counsel
• Exit routes — if restructuring proves impossible, we transition the case to an orderly bankruptcy filing without losing time
Why act early?
Every week of delay narrows your options. Early action means more creditors willing to negotiate, more assets to work with, and a board that can demonstrate diligence. Late action often leaves only one option — bankruptcy on the worst possible terms.