Corporate workout: the corporate debt restructuring committee revisited

• Main Authors: Azmi, Ruzita, Abd Razak, Adilah
• Format: Article
• Published: Chase Cambria Company (Publishing) Limited 2015
• Subjects: HD28 Management. Industrial Management; HG Finance
• Online Access: http://repo.uum.edu.my/22015/; http://www.chasecambria.com/site/journal/article.php?id=579
• Institution: Universiti Utara Malaysia

A corporate workout is described as financial rescue of a company in distress which takes place outside the limits of insolvency law. According to Belcher a workout is 'the restructuring of the terms of a companys debt contracts to remedy or avoid default achieved by private negotiations with i...