Debt restructuring is a plan for business, which is made to make possible to continue business operation without danger from debt. It is usually cheaper and safer than bankruptcy. The only cost associated with a business debt restructuring is the time to negotiate with bankers, creditors, tax authorities and suppliers.
In United States, during debt restructuring, debts on average receive a 45% discount. Chapter 11 bankruptcy costs at least $50,000 in lawyer and court fees, with costs over $100,000 common. By some measures, only 20% of firms survive Chapter 11 filing.