Chapter Twenty-Seven

Compared to most weeks at the offices of the Braccio Accounting Firm, this particular one easily made her top five list of the longest and most onerous weeks ever. One of the firm’s oldest clients, Helix Industries Ltd, recently fell on hard times and required restructuring. Debt restructuring is a process which allows the borrower facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts. This is aimed at restoring or improving liquidity thus allowing a company to continue its operations. Restructuring of credit accounts meant that the structure of an account was changed so as to preserve the economic value of the unit. The entire process would take two to three weeks.